Gold price today April 9: Sharp increase then sudden plunge

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Gold price today April 9: Sharp increase then sudden plunge

Market news

09/04/2025

World gold prices today fluctuate unpredictably in the context of the US starting to impose new tariffs on each country.

Last night, the world gold price jumped by tens of USD/ounce but then fell sharply

Last night, the US Customs and Border Protection announced that it had begun collecting new tariffs on 86 trading partners.

The market was further shaken after a White House official confirmed that the US would impose very high additional tariffs on imports from China. Former US Secretary of Commerce Carlos Gutierrez said that the US and China are entering a full-blown trade war.

In other developments, China continued to devalue the Yuan against the USD to create an export advantage.

In response to the above information, the US stock market plummeted, with red covering Wall Street due to a wave of stock sell-offs. Capital flows from the stock market shifted strongly to precious metals, while gold speculators also increased their purchases, pushing the world gold price up by tens of USD/ounce at times.

However, when the gold price reached 3,020 USD/ounce, many investors took advantage of the opportunity to take profits and sell massively.

As a result, the world gold price fell sharply, losing 38 USD in a short time, down to 2,982 USD/ounce at 6:00 a.m. on April 9.

Previously, in Vietnam, on April 8, the SJC gold price was listed at 101.2 million VND/tael, while the ring gold price was listed at 100.1 million VND/tael.

Giá vàng hôm nay 9-4: Tăng mạnh rồi bất ngờ lao dốc - 2