Gold price today increased by tens of USD/ounce
At 6:00 a.m. on April 29, the spot gold price on the world market reached 3,338 USD/ounce, a sharp increase of 68 USD compared to the lowest level in last night's trading session of 3,270 USD/ounce.
The sharp decline in US stock indexes was one of the main drivers of the gold price increase. President Donald Trump's announcement of new tariffs on China in the coming weeks has increased the risk of an escalation in the trade conflict, making investors cautious.
In addition, the US manufacturing outlook survey showed a gloomy economic picture as businesses began to feel the impact of tariffs and global trade tensions. Concerned about the economic outlook, investors turned to safe-haven assets such as gold, causing the price of this precious metal to increase sharply.
The significant decline in the US dollar also makes gold more attractive to investors holding other currencies.
The 10-year US Treasury yield at 4.2% and crude oil price falling to 61.7 USD/barrel reflected the risk-off sentiment in the market, further strengthening the position of gold price today.
In Vietnam, as of the end of April 28, the listed price of SJC gold was 119.5 million VND/tael (selling price), while the price of gold rings reached 115 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-29-4-bat-ngo-bat-tang-tro-lai-196250429063351784.htm
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