At the end of the session on April 19, the price of gold bars at SJC closed at 112-114 million VND/tael (buy - sell), down 5 million VND/tael for buying and 6 million VND/tael for selling compared to the closing price of the previous trading session.
The price of SJC 1-5 chi gold rings is listed at 109.5-113.5 million VND/tael (buy - sell), down 4.5 million VND/tael for buying and 3.5 million VND/tael for selling compared to the previous day's closing price.
The price of 9999 gold rings at Doji also closed the session at 109.5-113.5 million VND/tael, down 5.5 million VND/tael for buying and down 5 million VND/tael for selling compared to the previous session's closing price.
Today's gold price on Kitco closed the trading week at $3,327/ounce. Gold futures for June 2025 on the Comex New York floor traded at $3,342/ounce.
Despite profit-taking pressure ahead of the Easter holiday, gold prices remained above the $3,300/ounce threshold thanks to a weak US dollar and escalating trade tensions between the US and China.
Speaking to reporters in the Oval Office on April 17, US President Donald Trump said Chinese officials were looking to restart negotiations. Trump also suggested he might be willing to reduce tariffs. “I might want to reduce tariffs so people can buy,” he said.
Earlier, the White House said some Chinese goods were facing tariffs of up to 245%. In response, Beijing imposed a 125% tariff on goods imported from the US.
China has also filed a complaint with the World Trade Organization (WTO), expressing “serious concerns” about the tariffs imposed by the US, accusing Washington of violating WTO rules.
The People's Bank of China continued to increase its gold reserves in March 2025, marking the fifth consecutive month the agency bought the precious metal, according to newly released official data.
Recently, President Trump caused a stir when he announced a reciprocal tax rate, then suddenly postponed the imposition of this tax on a series of countries, except China. This situation caused global financial and commodity markets to fluctuate and money to seek shelter in gold.
The US economy is facing pressure from tariffs and potential inflation. Concerns that higher import costs due to tariffs could push up inflation in the future. A rapidly weakening US dollar, challenging its status as the world’s second-largest currency, is also supporting gold prices.
Gold, seen as a safe haven from political and economic uncertainty, has hit a record high this year, buoyed by concerns over tariffs, potential interest rate cuts, geopolitical tensions and strong central bank buying.
Gold Price Forecast
Gold prices have surged 24% year-to-date to $3,350 an ounce, and a correction is likely, according to Lukman Otunuga, senior analyst at FXTM.
Gold prices could retreat to $3,250/ounce or even $3,140/ounce, with the key psychological support level at $3,000. Conversely, if $3,300 proves to be a reliable support level, prices could consolidate and gradually move towards the next psychological levels such as $3,400 and beyond.
Gold prices are in a strong rally and are likely to go higher, according to Alex Kuptsikevich, senior market analyst at FxPro.
Gold has rallied sharply since hitting its 50-day moving average earlier last week. The latest rally ended a correction that began with a spike in late December. He expects gold prices to rise above $3,500 an ounce.
Source: https://vietnamnet.vn/gia-vang-hom-nay-20-4-2025-vang-mieng-sjc-giam-manh-hon-6-trieu-dong-2393031.html
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