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Vietnam's Gold Prices Soar Amid Global Tariff Surge by Trump

Unknown commerce, economics, gold, news, precious metals

<img data-document-id="cms/api/amp/image/AA1CbUxx" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1CbUxx.jpg"/>

 Vietnam gold bar price rose to a new record Thursday morning, extending its double-digit gain this year, after U.S. President Donald Trump announced a minimum 10% import tariffs on all countries.


 Saigon Jewelry Company gold bar price went up 0.59% to VND102.4 million (US$3,976.71) per tael.


 Bullion has gone up 21.6% so far this year, having achieved several new peaks.


 Gold ring price jumped 0.98% to a new high of VND102.8 million per tael. A tael equals 37.5 grams or 1.2 ounces.


 Globally gold prices extended gains on Wednesday to hover near all-time highs, boosted by safe-haven inflows after U.S. President Donald Trump announces
 reciprocal tariffs
 that would escalate a trade war,
 Reuters
 reported.


 Spot gold was up 0.6% at $3,129.46 an ounce. U.S. gold futures settled 0.6% higher at $3,166.20.


 "The reciprocal tariffs are much more aggressive than expected, which should lead to asset market selloffs and a lower dollar," said Tai Wong, an independent metals trader.


 "The outlook for gold is quite promising, with $3,200 becoming the new immediate target. Numerous uncertainties remain unresolved, and the notion that various factors could still be open to negotiation suggests that financial markets may experience significant volatility in the near future," he noted.


 On Wednesday, Trump announced plans to introduce a minimum 10% tariff on every product imported into the United States, with additional levies targeting several major trading partners. This escalation intensifies the trade conflict he reignited upon reassuming residency at the White House.


 Trump displayed a poster that listed reciprocal tariffs, including 34% on China and 20% on the European Union, as a response to duties put on U.S. goods.

Vietnam's Gold Prices Soar Amid Global Tariff Surge by Trump

Unknown commerce, economics, gold, news, precious metals

Vietnam gold bar price rose to a new record Thursday morning, extending its double-digit gain this year, after U.S. President Donald Trump announced a minimum 10% import tariffs on all countries. S…

Antam Naikkan Harga Emas hingga Rp 1.836.000 per Gram, Catat Rekor Baru Hari Ini!

Unknown commerce, gold, money, news, precious metals

<img data-document-id="cms/api/amp/image/AA15n8xT" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA15n8xT.jpg"/>

 
 DIWIDA.CO.ID - JAKARTA
 
 Harga emas batangan ber-sertifikasi Antam dari Logam Mulia PT Aneka Tambang Tbk (ANTM)
 ANTM
 melonjak pada hari Kamis (3/4) dan mencatat rekor harga terbaru lagi.


 Menurut informasi dari situs Logam Mulia, harga untuk satu gram emas Antam saat ini adalah Rp 1.836.000. Ini menunjukkan kenaikan sebesar Rp 17.000 dibandingkan dengan harga tercatat pada hari Rabu (2/4), yaitu senilai Rp 1.819.000 per gram.


 Harga buyback emas Antam saat ini terletak di angka Rp 1.688.000 per gram. Ini naik sebesar Rp 17.000 dari harga buyback kemarin yang mencapai Rp 1.671.000 per gram.


 Berikut adalah harga jual koin emas Antam dengan berbagai denominasi per hari Kamis (3/4) dan belum termasuk pajak:

<ul>
 <li>
 Harga untuk 0,5 gram emas adalah Rp 968.000
 </li>
 <li>
 Harga untuk 1 gram emas adalah Rp 1.836.000
 </li>
 <li>
 Harga untuk 5 gram emas adalah Rp 8.955.000
 </li>
 <li>
 Harga untuk 10 gram emas adalahRp 17.855.000
 </li>
 <li>
 Harga untuk 25 gram emas adalah Rp 44.512.000
 </li>
 <li>
 Harga untuk 50 gram emas adalah Rp 88.945.000
 </li>
 <li>
 Harga untuk 100 gram emas adalahRp 177.812.000
 </li>
 <li>
 Harga untuk 250 gram emas adalah Rp 444.265.000
 </li>
 <li>
 Harga untuk 500 gram emas adalahRp 888.320.000
 </li>
 <li>
 Harga untuk 1.000 gram emas adalah Rp 1.776.600.000.
 </li>
</ul>

 Keterangan:


 Antam menawarkan emas dan perak batangan dengan variasi bobot tertentu (seperti 1 gram, 2 gram, serta 500 gram). Umumnya, harga tiap gram emas Antam bisa bervariasi sesuai dengan berat masing-masing batangan. Variansi tersebut timbul akibat adanya biaya ekstra untuk proses pengecoran, sehingga membuat harga setiap gram emas Antam pada batangan yang lebih ringkas menjadi lebih tinggi dibandingkan dengan batangan yang memiliki berat lebih banyak. Di sini ditampilkan harga per gram emas batangan seberat 1 kilogram yang seringkali digunakan sebagai standar oleh para pemain industri emas.

Antam Naikkan Harga Emas hingga Rp 1.836.000 per Gram, Catat Rekor Baru Hari Ini!

Unknown commerce, gold, money, news, precious metals

DIWIDA.CO.ID - JAKARTA Harga emas batangan ber-sertifikasi Antam dari Logam Mulia PT Aneka Tambang Tbk (ANTM) ANTM melonjak pada hari Kamis (3/4) dan mencatat rekor harga terbaru lagi. Menu…

Copper Prices Soar in New York While Dropping in London — Similar to Gold Trends

Unknown copper, economics, gold, metals, money

<img data-document-id="cms/api/amp/image/AA1BLbLB" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BLbLB.jpg"/>
<ul class="summary-list">
 <li>
 Copper prices have reached all-time peaks in New York due to concerns over tariffs and increasing demand.
 </li>
 <li>
 A banking specialist from Bank of America stated that the copper market is facing a supply crisis.
 </li>
 <li>
 Increasing expenditures on defense and the growth in electric vehicle manufacturing are poised to affect both the demand for and supply of copper.
 </li>
</ul>

 This year, gold has been hitting record levels above $3,000 per ounce — however, it isn’t the sole commodity experiencing strong interest.


 Copper is utilized in products ranging from computers to electrical cables, and traders have been purchasing it aggressively amidst the
 threat of trade tariffs
 being imposed.


 Demand has remained notably robust in New York, with
 copper
 reaching a peak on Wednesday of up to $5.374 per pound — exceeding $11,840 per metric ton.


 This surpasses the $5.20 per pound recorded last May and represents almost a 30% increase from the beginning of the year.


 Nevertheless, copper prices on the London Metal Exchange fell on Wednesday to a low of $9,893 per ton.


 These identical tariff concerns have similarly driven up gold prices significantly.
 higher in New York
 Rather than in London this year, there has been a surge in transporting gold bullion across the Atlantic to capitalize on the discrepancy.

<h2 data-toc-id="4f928308-768a-4cc1-9b67-2c21d4167433" id="4f928308-768a-4cc1-9b67-2c21d4167433">
 Supply crisis
</h2>

 Michael Widmer, who leads metals research at Bank of America, informed Business Insider about a similar accumulation of stocks occurring in the U.S., which has sparked a supply crisis involving copper.


 Widmer stated that market participants are currently attempting to secure copper units for shipment to the US in preparation for potential tariffs.


 There aren't any additional copper units accessible in the current marketplace. More investments must be made in supply; otherwise, I believe we'll face a situation where demand exceeds supply due to insufficient availability.

<img data-document-id="cms/api/amp/image/AA1BL9SA" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BL9SA.jpg"/>

 President Donald Trump's tariffs on imported copper could be implemented much earlier than anticipated, according to a report from Bloomberg on Wednesday.


 Howard Lutnick, who served as the Commerce Secretary, was granted up to
 270 days
 To file a report assessing if copper imports posed a threat to U.S. national security. The presidential directive stated that copper is essential for the nation’s economic stability and industrial toughness due to its “critical function in defense systems, infrastructure development, and innovative technology sectors.”


 A lot of people anticipate that Trump will unveil new tariffs as early as the upcoming week.


 This month, analysts from Goldman Sachs stated their expectation that a minimum tariff of 25% would be applied to imported copper as well as numerous other types of metal.


 In a recent note from last weekend, they stayed "strategically hesitant" regarding the metal, stating further: "A concentration on China or an aggressive stance on reciprocal tariffs would likely have adverse effects on copper prices."

<h2 data-toc-id="aa0f596e-ff52-45e9-863d-0bd256daf8ce" id="aa0f596e-ff52-45e9-863d-0bd256daf8ce">
 Rising defense budgets
</h2>

 Plans by European countries to boost their defense budgets due to uncertainties regarding the US dedication to NATO may also influence copper supplies and pricing.


 In February, UK Prime Minister Keir Starmer announced that Britain would increase its defense budget to 2.3% of GDP.
 2.5% by 2027
 Last week, Germany's legislative body approved a measure allowing for unprecedented expenditures on both defense and infrastructure projects.


 Widmer stated that by 2030, we could reasonably argue for a twofold increase in copper consumption by the defense sector, starting from 2009.


 Constructing electric vehicles and data centers were additionally intensive uses of copper. "As a result, we continuously increase the demand side," he stated.


 Goldman predicts a worldwide shortage of copper amounting to 180,000 tons for this year because of reasons such as increased electrification and diminishing output from mining operations.


 According to the International Copper Association, global demand is anticipated to increase by an annual rate of 1.85%, climbing from 28.3 million tons in 2020 to approximately 40.9 million tons by 2040.


 If you liked this tale, make sure to follow
 Business Insider
 on MSN.

Copper Prices Soar in New York While Dropping in London — Similar to Gold Trends

Unknown copper, economics, gold, metals, money

Copper prices have reached all-time peaks in New York due to concerns over tariffs and increasing demand. A banking specialist from Bank of America stated that the copper market is facing a…