Gold price today 04/08/2025: Gold decreases, investors change direction

World gold price today 04/08/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4am today, Vietnam time, was at 3,008.95 USD/ounce. Today’s gold price decreased by 0.89% compared to yesterday. Converted according to the USD exchange rate on the free market (26,030 VND/USD), the world gold price is about 94.4 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 5.7 million VND/tael higher than the international gold price.

Gold prices fell on Monday as investors opted for the safe-haven dollar after the United States imposed sweeping tariffs, stoking fears of a global recession. However, analysts remained bullish on bullion given the economic outlook.

Spot gold fell 0.2% to $3,030.69 an ounce by 9:01 a.m. ET (1301 GMT), after hitting a more than three-week low of $2,971.09 earlier in the session. U.S. gold futures rose 0.5% to $3,048.90.

“Gold retreated as investors turned to cash and other safe-haven assets such as the Swiss franc and Japanese yen amid market turmoil, creating the risk of a deeper correction,” said Nikos Tzabouras, senior market analyst at Tradu.com.

The dollar gained against its rivals, pulling away from a six-month low hit last week. A stronger dollar makes gold more expensive for holders of other currencies.

Major US stock indexes and equity futures fell sharply, with the S&P 500 likely to confirm a bear market, while volatility gauges spiked as US President Donald Trump showed no signs of backing away from his tariff plans.

“As things settle down, rising recession risks, a weaker US dollar, lower real yields and expectations of larger rate cuts will all play a supporting role in the (gold) recovery,” said Ole Hansen, head of commodity strategy at Saxo Bank.

Futures now point to around 120 basis points of a US Federal Reserve rate cut in December, with markets pricing in around a 47% chance of a US rate cut in May.

Lower interest rates increase the appeal of bullion as it does not pay interest.

“Gold’s correction has remained relatively shallow with key support levels holding, most notably the trendline from the January low of $2,975 to the February high of around $2,955,” Hansen said.

Gold, used as a safe-haven investment during times of political and financial uncertainty, hit an all-time high of $3,167.57 last Thursday, boosted by strong safe-haven flows amid geopolitical uncertainty and strong demand from central banks.

Spot silver rose 2.2% on Monday to $30.19 an ounce, recovering from a near seven-month low hit earlier in the day. Spot platinum rose 0.2% to $928.19, while palladium rose 1.5% to $928.19.

Gold price today 04/08/2025

At the time of survey at 4:00 a.m. on April 8, 2025, the gold price was listed by some businesses specifically as follows:

At Saigon Jewelry Company (SJC) and DOJI Group, the transaction price was at 97.1-100.1 million VND/tael (buy-sell), the price remained unchanged compared to yesterday’s trading session.

At Mi Hong Jewelry Company, the Mi Hong gold price at the time of survey listed the SJC gold price at 98.7-100.7 million VND/tael for buy-sell. Compared to yesterday, the gold price decreased by 300,000 VND/tael for buy-sell and decreased by 100,000 VND/tael for sell-sell, compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 97.3-100.1 million VND/tael (buy – sell), an increase of 100,000 VND/tael for buying and unchanged for selling, compared to yesterday’s trading session.

The latest gold price list today, April 8, 2025 is as follows: