At the end of the session on April 12, the price of gold bars at SJC closed at 103-106.5 million VND/tael (buy - sell), an increase of 800,000 VND/tael in the buying direction and an increase of 1.3 million VND/tael in the selling direction compared to the previous session's closing price.

The price of SJC 1-5 chi gold rings is listed at 101.4-104.9 million VND/tael (buy - sell), an increase of 300,000 VND/tael for buying and 500,000 VND/tael more expensive for selling compared to the previous day's closing price.

The price of 9999 gold rings at Doji closed the session at 101.2-104.8 million VND/tael, an increase of 500,000 VND/tael in both directions compared to the previous day's closing price.

Meanwhile, compared to the gold price at the end of last week (April 5), in one week, each tael of SJC gold bar increased by 5.4 million VND (selling) and 5.9 million VND (buying); while gold rings of type 1-5 only increased by 4-4.9 million VND (buying - selling).

Today's gold price on Kitco closed the trading week at $3,236/ounce. Gold futures for June 2025 delivery on the Comex New York floor traded at $3,255/ounce.

World gold ended the trading week above $3,200/ounce, up 6% from last Friday. Gold prices recorded their best weekly increase since March 2020.

Turmoil in global financial markets has pushed gold prices to a new record high. China’s Ministry of Finance announced on April 11 that it would retaliate against US President Donald Trump’s reciprocal tariffs by raising tariffs on US imports from 84% to 125% starting April 12. This is the same level as the reciprocal tariffs the US is imposing on Chinese goods entering the country.

Previously, on April 9, President Donald Trump suddenly announced a temporary suspension of high import tariffs on most of America's trading partners for 90 days, but increased reciprocal tariffs on China to 125%.

The Trump administration uses tariffs not only as an economic tool but also as a strategic card to force countries to reorient trade according to Mr. Trump's "America First" wishes.

US-China tensions pushed gold prices to a new record of $3,245/ounce in the weekend session.

The US dollar continued to slide against major currencies. The dollar has been hit hard by a global sell-off that has spread to stocks and even US Treasury bonds.

The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 99.78 points.

The yield on the benchmark 10-year note is on track for its biggest weekly gain since 2001.

Traders have sharply reduced expectations that the Federal Reserve will cut interest rates soon. The decision last month to significantly slow the pace of its balance sheet reduction was widely supported by policymakers, according to minutes of the Fed’s latest meeting released on April 9. However, internal opposition to the change was greater than initially expected.

Meanwhile, European Central Bank President Christine Lagarde said the central bank stands ready to take measures to maintain financial stability and deal with turmoil.

Gold Price Forecast

Gold prices typically consolidate at new highs before new buying interest — as investors take advantage of price corrections and overbought conditions — is a safe haven for investors amid volatile markets and falling Treasury yields, according to David Morrison, senior market analyst at Trade Nation.

Gold prices are likely to rise further as the safe-haven asset list has become smaller. Gold continues to attract buyers amid a weaker US dollar.

Gold prices may see a short-term correction, but the long-term outlook remains positive, said Tai Wong, an independent metals trader. Another supportive sign for the gold market is strong demand from ETFs, which are at multi-year highs.

Alex Kuptsikevich, Chief Market Analyst at FxPro, said that the fact that gold prices closed the week at an all-time high has triggered an extended growth pattern, with the potential to rise above $3,500/ounce.

Gold reaches 'rare in history' milestone, is it risky to buy from the safe? Compared to more than a year ago, the price of gold has increased by more than 50% and experts say this is an extremely rare level in history. When the price of gold continuously reaches new peaks, if not careful, buyers can buy right at the peak at any time.

Source: https://vietnamnet.vn/gia-vang-hom-nay-13-4-2025-tang-phi-ma-vang-mieng-sjc-soan-ngoi-nhan-tron-2390537.html