Gold price April 25: World gold price increased sharply

The world gold price today (April 25) increased sharply, trading around 3,348 USD/ounce in the context of the US-China trade tension possibly easing. In the country, the price of SJC gold bars increased to 121.5 million VND/tael; SJC gold rings traded at 117 million VND/tael.

In the domestic market, this morning, domestic gold brands increased simultaneously following the world market developments. The price of SJC gold bars increased by 500,000 VND/tael compared to yesterday's closing price to 121.5 million VND/tael.

Specifically, at 9:30 a.m. on April 25, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 119.5-121.5 million VND/tael, an increase of 500,000 million VND compared to yesterday's closing price. The difference between buying and selling is 2 million VND/tael.

SJC 9999 gold ring price is 114 million VND/tael for buying and 117 million VND/tael for selling.

DOJI gold bar price in Hanoi and Ho Chi Minh City is bought at 119.5 million VND/tael and sold at 121.0 million VND/tael, an increase of 500,000 VND compared to the previous session.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 114.5-116.8 million VND/tael.

PNJ Gold is currently buying at 114.2 million VND/tael and selling at 117.2 million VND/tael, up 700,000 VND and 400,000 VND/tael compared to the previous session.

As of 9:30 a.m. on April 25 (Vietnam time), the world gold price dropped sharply by 60.1 USD/ounce compared to the previous trading session's close, down to 3,348.1 USD/ounce.

World gold prices reversed sharply this morning as investors increased their purchases amid a weakening USD.

This week, world gold prices hit a record high due to increased investor demand for safe havens amid concerns about a weakening US economy .

However, the price of this precious metal fell sharply after US President Donald Trump abandoned the idea of ​​​​firing Federal Reserve Chairman Jerome Powell and showed a softer stance towards China, easing trade tensions. China's response caused stocks and the greenback to fall but pushed gold prices up.

Markets are now focused on tariff developments and the US-China trade dispute. A weak US dollar and risk-off sentiment continue to make gold an attractive investment.

This morning, the USD-Index increased slightly to 99.57 points; the yield on 10-year US Treasury bonds was at 4.315%; US stocks rose for the third consecutive session; world oil prices reversed to increase, trading at 66.71 USD/barrel for Brent oil and 62.90 USD/barrel for WTI oil.

Source: https://baotuyenquang.com.vn/gia-vang-ngay-25-4-gia-vang-the-gioi-tang-manh-210755.html