Gold prices today, April 3rd: Soaring dramatically, gold sets another record.

On the morning of April 3rd, world gold prices continued to set new record highs, reaching $3,156 per ounce, an increase of $47 per ounce compared to the beginning of yesterday morning.

Global gold prices peaked, driven by safe-haven flows as US President Donald Trump's newly signed retaliatory tariff order heightened concerns about an escalating trade war.

Accordingly, on Wednesday, President Trump announced he would impose a basic tariff of 10% on all imports into the US and increase tariffs on some of its largest trading partners, a move that is expected to escalate the global trade war.

At the event, the US President also carried a sign listing the tax rates applied to each economy . According to the sign, the UK, Brazil, and Singapore will be subject to a 10% tax. The European Union, Malaysia, Japan, South Korea, and India will be subject to 20-26%.

Gold prices are expected to reach their 19th all-time high in 2025, including seven unprecedented levels above $3,000 per ounce. Prices are up 18% this year after soaring 27% in 2024.

Independent metals trader Tai Wong said the retaliatory tariffs were much stronger than expected, which would lead to a sell-off in asset markets and a depreciation of the US dollar.

Gold prices hit a new record high.

According to Wong, the current environment is perfect for gold. He predicts that the price could rise to $3,200 per ounce in the short term.

Gold price movements today

+ Domestic gold prices

At 6:00 AM on April 3rd, the price of gold bars at Doji and SJC was listed at 99.1 - 102.8 million VND/ounce (buy - sell), a decrease of 300,000 VND/ounce (buying price) and 400,000 VND/ounce (selling price) compared to the beginning of yesterday morning.

Meanwhile, the price of gold rings is currently listed by Doji at 98.7 - 101.4 million VND/ounce, a decrease of 900,000 - 700,000 VND/ounce compared to early yesterday morning.

+ International gold prices

World gold prices listed on Kitco are at $3,156 per ounce, up $47 per ounce compared to the end of yesterday afternoon. Gold futures last traded at $3,159 per ounce.

Gold price forecast

Peter Grant, vice president and senior metals strategist at Zaner Metals, believes that breaking through resistance at $3,147.41/ounce/$3,149.84/ounce is a good sign for a move towards $3,200/ounce and creates confidence in the prospect of further gains to $3,300/ounce and $3,500/ounce.

Following Trump's tariff announcement, the US Dollar Index fell 0.4%, making gold cheaper for holders of other currencies.

Meanwhile, the latest jobs report showed that US private payroll growth increased in March. The market is still awaiting further non-farm payroll data for clearer guidance on the direction of US interest rates.

(According to vtcnews.vn)

Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/126118/Gia-vang-hom-nay-34-Tang-dung-dung-vang-lai-lap-ky-luc-moi