World gold price listed on Kitco is at 3,314.47 USD/ounce, up 13.81 USD/ounce compared to yesterday.
This is the first weekly decline of gold prices in April with a decrease of 0.37% amid strong selling pressure throughout the past week. US-China trade tensions show signs of cooling down as both sides expressed their desire to resume negotiations.
However, the future of gold remains a big question mark, especially as it is still unclear whether there will be any trade deal between the US and China.
Gold continues to be a safe haven asset, especially as the role of the US dollar weakens globally, according to Bart Melek, an expert at TD Securities. Gold ETFs have seen significant inflows this year, with Chinese investors actively seeking protection against trade risks.
Central bank demand for gold, especially from China, is also providing strong support for gold prices. In the first quarter of 2025, the People’s Bank of China added more than 27 tonnes of gold to its reserves, bringing its total gold holdings to over 2,300 tonnes, the highest in the country’s modern history. This aggressive move is aimed at reducing dependence on the US dollar and enhancing the role of the yuan in global transactions.
Gold price movements today
+ Domestic gold price
At 6:00 a.m. on April 27, the price of gold bars at Doji and SJC was listed at 119-121 million VND/tael (buy - sell), an increase of 500,000 VND/tael in both buying and selling directions compared to yesterday.
Meanwhile, the price of gold rings is currently listed by Doji at 114 - 116.5 million VND/tael for buying and selling, an increase of 1.5 million VND/tael for buying and 1 million VND/tael for selling compared to the end of yesterday's trading session.
+ International gold price
The world gold price listed on Kitco is at 3,314.47 USD/ounce, up 13.81 USD/ounce compared to yesterday. Gold futures last traded at 3,320 USD/ounce.
Gold Price Forecast
Global gold supply is currently relatively strong, but aging gold mines, depleted reserves and declining ore quality remain concerns, which could push prices higher in the long term, said Tai Wong, an independent metals trader.
He believes that the previous price of $3,500/ounce was too high and needed an adjustment. He predicts that gold prices will fluctuate in the coming sessions, but the upward trend will remain.
The possibility of a US-China trade deal coupled with President Trump’s dovish stance towards the Fed Chairman sent gold prices tumbling and sending them into a short-term sell-off, according to Kelvin Wong, senior market analyst at Oanda.
The rising US dollar makes gold more expensive for overseas buyers. Despite the short-term decline, Kelvin Wong believes that gold prices still have the potential to continue rising.
ANZ Bank has raised its year-end gold price forecast to $3,600 an ounce and its six-month forecast to $3,500 an ounce.
According to PHAM DUY (VTC News)
Source: https://baogialai.com.vn/gia-vang-hom-nay-274-tang-dong-loat-trong-nuoc-the-gioi-post320675.html
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