However, while gold is seeing some profit-taking—and what some analysts have described as a much-needed consolidation—many do not expect this week’s top to represent the high for the year.

After a strong start to the week, gold is poised to end Friday with a sharp decline. Spot gold last traded at $3,284 an ounce, down more than 1% on the week. Prices are also down 6% from Tuesday’s intra-day all-time high of $3,500 an ounce.

Jesse Colombo, an independent precious metals analyst and founder of the BubbleBubble Report, described gold’s price action as a healthy pullback. He added that he could see gold consolidating through the summer and is looking for prices to hold support around $3,000 an ounce.

“I believe [gold is] still in the early stages of this bull market. Pullbacks are normal, regular occurrences even in the most epic bull markets,” he said. “Given this view, I would still not sell any of my gold bullion, but I would take a more defensive short-term approach on futures or [mining equities].”

Analysts note that renewed selling pressure in gold comes as fears over the global economy begin to ease. While there is still plenty of worry swirling through financial markets, some economists argue that economic uncertainty has peaked.

“Although no official trade deals have been reached yet, negotiation progress is a step in the right direction that helps change the narrative from how high tariff rates could be—as presented on ‘Liberation Day’—to how low they could go via trade deals,” said Adam Turnquist, Chief Technical Strategist for LPL Financial, in a note Wednesday. “Furthermore, the transition to trade negotiations suggests peak economic uncertainty (and perhaps fear) was likely reached earlier this month.”

Still, some analysts have pointed out that while market tensions have eased, uncertainty remains high enough to support gold prices at current levels. While President Donald Trump has claimed his administration has begun trade talks with China, the Chinese government has denied it.

Kelvin Wong, Senior Market Analyst at OANDA, said he doesn’t believe gold’s rally is over.

“If there are still no breakthroughs between U.S.-China trade negotiations, and more sector-based U.S. tariffs are introduced, the odds of greater uncertainty in business planning and stagflation risk in the U.S. will increase. This, in turn, would weaken the U.S. dollar and further boost the value of gold,” he said. “Overall, the medium-term and major uptrend phases for gold remain intact, with the next medium-term resistances at US$3,670/750 and US$3,890, supported by the weaker U.S. dollar and the fading of the U.S. ‘exceptionalism’ theme.”

Lukman Otunuga, Senior Market Analyst at FXTM, describes gold’s price action as a bout of profit-taking but adds that the fundamental forces supporting gold remain in place.

“The week ahead is stacked with major U.S. data and corporate earnings, which may shape overall sentiment. The latest U.S. GDP, the Fed’s preferred inflation gauge, and the U.S. jobs report could influence Fed cut bets—impacting gold prices as a result,” he said. “Talking technicals, a breakdown below $3,250 may open the door toward $3,170. Should $3,250 prove reliable support, prices may rebound back toward $3,390 and $3,500.”

Thu Lan Nguyen, Head of FX and Commodity Research at Commerzbank, said she sees gold’s selloff as a temporary setback within the broader uptrend.

“It remains unclear when and in what form an agreement with the Chinese leadership is possible—there have been different statements on this from Trump, U.S. Treasury Secretary Scott Bessent, and Beijing—so gold is likely to remain in demand as a safe haven for the time being,” she said. “In addition to the statements from the White House, attention will now focus on economic data from the U.S. If these already show clear signs of a slowdown due to U.S. tariff policy, the price of gold could quickly rise again.”

Employment data will be the focal point for markets next week, as April’s nonfarm payrolls report will show how much of an impact America’s tariff policies and austerity measures have had on the labor market.

However, not all analysts are bullish on gold. Philip Strieble, Chief Market Strategist at Blue Line Futures, said it may be time for investors to look further down the value chain in the precious metals market.

He said he expects silver to start outperforming gold if financial markets have reached peak uncertainty.

“If industrial demand is able to find its feet, then we should see renewed demand for silver,” he said. “We already see some investors rotating out of gold and into silver.”

This week, the gold-silver ratio hit a multi-year high of 107 points; however, gold’s selloff has pushed the ratio sharply lower, and it is on track to end the week at 99 points.

The post Gold Falls 6% From Highs, Rally Not Over appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

The Dollar Index (DXY00) rose by +0.11% on Friday. The dollar posted a modest gain amid hopes of easing U.S.-China trade tensions.

The University of Michigan’s U.S. Consumer Sentiment Index for April was unexpectedly revised upward by +1.4 points to 52.2 from the previously reported 50.8, surpassing expectations of 50.5.

However, the University of Michigan’s April Inflation Expectations Index was revised down to +6.5% from the previously reported +6.7%, weaker than expectations for a rise to +6.8%.

Key Product News:

Metals

June gold futures (GCM25) closed down by $50.20 (-1.50%), while May silver futures (SIK25) also fell by $0.493 (-1.47%). The prices of both precious metals declined on Friday due to the strengthening U.S. dollar. Additionally, higher-than-expected April CPI data from Japan could prompt the Bank of Japan (BOJ) to continue raising interest rates, negatively impacting precious metals prices.

Expectations of reduced tensions in the U.S.-China trade war also led to long liquidation in precious metals on Friday. This followed a Bloomberg report indicating that the Chinese government is considering suspending a 125% tariff on certain U.S. imports, including medical equipment and industrial chemicals such as ethane.

Lower U.S. Treasury yields helped provide some support for precious metals prices. Furthermore, dovish comments from ECB President Lagarde, who noted that “risks to economic growth are increasing,” added to the bullish sentiment for gold. Additionally, geopolitical instability in the Middle East, with ongoing conflicts between Israel-Hamas and U.S.-Houthi forces, continues to fuel safe-haven demand for precious metals.

Energy

Global oil prices resumed a downward trend last week, despite stronger signs of favorable trade agreements between major economies.

By the end of the week, Brent crude prices had fallen by 1.6% to $66.87 per barrel, while WTI crude also declined by 1.55% to $63.02 per barrel.

In early-week trading, both benchmarks dropped about 2.5%, impacted by complex negotiations between the U.S. and Iran in Italy. Although earlier discussions in Oman had shown positive signals, new U.S. sanctions on Iran’s major energy sector triggered a recovery in oil prices by approximately 1.8-1.9% on April 22.

The post Global Commodity Market Prices on April 28, 2025 appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

The U.S. Dollar Index (DXY00) declined by 0.49% on Thursday. The dollar came under mild downward pressure after China announced that no trade agreement talks with the U.S. were currently underway, raising concerns that the trade war between the two nations might prolong.

This week, initial jobless claims in the U.S. increased by 6,000 to reach 222,000, matching expectations. Meanwhile, continuing claims dropped by 37,000 to 1.841 million, hitting a 10-week low and indicating a stronger labor market than the anticipated 1.869 million.

The Chicago Fed National Activity Index decreased by 0.27 points to -0.03, falling short of the expected 0.12. U.S. existing home sales in March declined by 5.9% month-over-month to 4.02 million units, performing weaker than the projected 4.13 million.

Metals

On April 25, 2025, gold prices rebounded after falling more than 3% in the previous session, supported by a weaker US dollar and profit-taking buying activity, while market attention shifted to US-China trade relations.

Spot gold on the LBMA rose 1.4% to $3,333.9perounce,afterhittingarecordhighof$3,500.05 per ounce on April 22, 2025 due to concerns about the US economy. June 2025 gold futures on the New York exchange increased 1.7% to $3,348.6 per ounce.

Copper prices also rose, though trading below their three-week high, bolstered by the weakening US dollar. London Metal Exchange copper prices gained 0.4% to $9,418perton,afterreachingtheirhighestlevel($9,481.5 per ton) since March 4, 2025 in the previous trading session.

Energy

Oil prices climbed as investors weighed multiple factors including a weaker U.S. dollar, potential OPEC+ production increases, mixed economic signals, inconsistent U.S. tariff policies, and ongoing Russia-Ukraine tensions. At market close on April 24, Brent crude rose 0.7% to $66.55perbarrel,whileWTIcrudegained0.8$62.79 per barrel.

The dollar’s decline made dollar-denominated commodities like oil more attractive to buyers using other currencies. Several OPEC+ members have reportedly proposed significant production hikes for June 2025, marking what would be the second consecutive month of increased output.

U.S. natural gas prices plunged 3% to a five-month low, pressured by larger-than-expected inventory builds and forecasts of mild weather that could reduce both heating and cooling demand in coming weeks. May 2025 natural gas futures on NYMEX fell 3% to $2.93 per mmBTU, the lowest level since November 15, 2024.

The post Market Prices on April 25, 2025 appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

Domestic Silver Prices Rise Across Hanoi and Ho Chi Minh City Today

At Phu Quy Jewelry Group, the domestic silver price today recorded a substantial increase, listed as follows: Buying price: 1,286,000 VND/tael, Selling price: 1,326,000 VND/tael

A survey at other trading points in Hanoi showed that silver prices are currently fluctuating around: Buying price: 1,064,000 VND/tael, Selling price: 1,094,000 VND/tael

In Ho Chi Minh City, silver prices on April 25 also saw a similar upward trend: Buying price: 1,066,000 VND/tael, Selling price: 1,099,000 VND/tael

Latest Detailed Information on Today’s Silver Prices in Hanoi and Ho Chi Minh City (April 24, 2025)

Updated Silver Prices at Phu Quy Jewelry Group (April 24, 2025)

Cập nhật mới nhất về giá bạc thế giới ngày 24/4/2025:

The post Silver Price on April 25, 2025: A Strong Breakthrough appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

Gold Re-Monetization – A New Investment Trend Among Nations

According to Florian Grummes, gold is regaining its role as a monetary asset, with many nations ramping up their reserves. He cited Azerbaijan’s purchase of nearly 19 tonnes of gold in Q1 2025, bringing its total reserves to over 165 tonnes. Grummes views this as just the beginning of a much broader trend: “I believe this process of gold re-monetization is only in its early stages. This trend has a long way to go,” he said. Over the past week, gold prices surged to a record high of $3,509/oz, before pulling back below $3,300/oz due to profit-taking. However, Grummes believes this correction is temporary, and the longer-term uptrend remains intact.

Gold Price Forecast: Further Increases Expected

Grummes emphasized that gold is currently overbought across all timeframes, but he doesn’t believe the market has reached a major top. He forecasts $3,000/oz as a strong support level in case of further declines. “I still maintain my long-term price target of $9,000/oz, just as I stated in my first interview with Kitco,” he added.

Silver Could Hit $50

A key highlight from Grummes’ interview is his prediction that silver could reach $40 to $50 by summer, and that this would be just the beginning. “Today was the first time silver showed real strength on its own, apart from gold. That’s a very important signal, and it could continue significantly over the coming weeks,” said Grummes. He also argued that silver is drastically undervalued, especially considering the gold/silver ratio, which currently stands above 100:1, compared to the natural occurrence ratio of about 10:1, and a production ratio of 7:1.

What Could Drive Silver Prices Above $50?

Grummes believes market momentum could be the force that drives silver past the $50 mark—and possibly even toward $90 to $100, if market sentiment remains bullish. “If the market pushes silver to $50, it may very well break through and continue higher.”

In addition to physical gold and silver, Grummes highlighted mining stocks as a massively undervalued sector. He mentioned First Mining Gold and Silver Tiger Metals as companies with substantial resource potential and room for growth: “They’re practically printing money every day,” he remarked.

Grummes also noted that retail investor participation remains relatively low, suggesting there is still plenty of upside potential in the precious metals market. “I haven’t seen long lines of people in front of gold dealers. That tells me we haven’t reached a major top yet.”

With gold being re-monetized, China pushing to internationalize the yuan with gold-backed mechanisms, and ETFs continuing to buy into gold, both gold and silver are positioned for strong upward moves. In particular, given that silver remains undervalued relative to gold, experts like Florian Grummes believe the silver price could reach $50 in the near future.

The post Silver Price Could Reach $50 – Is Gold Being Re-Monetized? appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

Global gold prices continue to show high volatility within a wide trading range. This morning (April 24), in the Asian market, spot gold prices soared by more than $69 per ounce, equivalent to an increase of 2.13%, after dropping about 3% during overnight trading in the U.S.

Specifically, as of around 9:00 a.m. (Vietnam time), spot gold was quoted at $3,359.9/oz, up $69.9 from the previous New York session’s close, according to data from Kitco. When converted using Vietcombank’s USD selling exchange rate (26,174 VND/USD), the current gold price is equivalent to nearly 106 million VND per tael, slightly down by 300,000 VND compared to early morning April 23.

Gold price movements and signals from the U.S. financial market

During the April 23 session in the U.S., spot gold prices fell sharply, closing at $3,290/oz, a decline of $93.7/oz (or 2.8%). This marked a significant correction after gold reached a historic record above $3,500/oz in the previous session. On the COMEX exchange, gold futures dropped 3.7%, closing at $3,294.1/oz. However, prior to that, futures prices had also exceeded the $3,500/oz mark – the highest level ever recorded.

Key reasons behind gold’s sharp volatility

According to Phillip Streible, Chief Market Strategist at Blue Line Futures, the main reason for gold’s short-term decline is the rising risk appetite following a recent tariff-related shock: “Some investors are pulling funds out of gold – a safe-haven asset – to return to stocks like Apple and Tesla, which had previously been sold off.”

Additionally, U.S. President Donald Trump’s April 22 statement about adopting a “less confrontational” approach toward China in trade negotiations, along with comments from the U.S. Treasury Secretary indicating a potential for a major agreement with China, have temporarily calmed the markets. Reports from The Wall Street Journal and CNBC also noted that the U.S. government is considering reducing some tariffs on Chinese goods (by 50-65%), although such a move may be contingent on China reciprocating by cutting tariffs on American products.

Gold rebounds: Safe-haven demand remains strong

Despite several positive developments helping to ease market sentiment, gold prices surged again on the morning of April 24, indicating strong underlying demand for risk hedging. Analysts say gold-buying on dips remains robust, especially as the U.S.–China trade war shows no sign of ending soon. Markets also received a further boost when President Trump confirmed that he had no plans to dismiss Federal Reserve Chair Jerome Powell, a statement that helped stabilize investor sentiment and reduced some of the pressure for safe-haven gold buying driven by concerns over Fed independence.

Gold price outlook: Volatility expected to continue

According to Ole Hansen, a strategist at Saxo Bank: “The recent sharp upswing and downturn in gold prices reflect the potential risk of a deeper correction.” Meanwhile, TD Securities strategist Bart Melek believes that if the downtrend continues, the $3,100/oz level is a key support to watch.

U.S. dollar fluctuations, ETFs continue gold buying spree

The U.S. dollar rebounded strongly on April 23, with the Dollar Index closing at 99.84 points, up 0.9% from the previous session. However, the index pulled back this morning, at times dropping below 99.6 points. Notably, SPDR Gold Trust – the world’s largest gold ETF – bought a net 1.4 tonnes of gold, increasing its total holdings to 949.1 tonnes, signaling that financial institutions continue to believe in gold’s long-term potential.

The post Gold prices rebound sharply after plunging appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

The U.S. Dollar Index (DXY00) rose by +0.65% on Tuesday. The dollar saw a moderate increase, rebounding from a 3-year low recorded on Monday.
The Richmond Federal Reserve’s April manufacturing survey showed that the current conditions index fell by 9 points to -13, marking a five-month low and missing expectations of -7. Richmond Fed President Barkin noted that due to tariffs, businesses are in a defensive posture, delaying or postponing investments, and there are many reasons to be concerned about consumer spending.

The U.S. Treasury Department announced new sanctions targeting Seyed Asadoollah Emamjomeh (LPG) of Iran and his associated companies. According to Treasury Secretary Scott Bessent, Emamjomeh and his network attempted to export thousands of LPG shipments, including some originating from the U.S., in an effort to evade sanctions and generate revenue for Iran.

Key Commodity Highlights:

Metals
Gold prices dropped over 1% after hitting a record high of $3,500/oz earlier in the session. The decline followed statements from Treasury Secretary Scott Bessent indicating easing tensions between the U.S. and China, which boosted both stock markets and the U.S. dollar. Spot gold fell 1.5% to $3,372.68/oz.

U.S. stock markets climbed more than 2%, and the dollar rebounded, driven by Bessent’s comments suggesting that the tariff standoff is unsustainable. The U.S. dollar index rose 0.7% against a basket of major currencies, making bullion more expensive for foreign investors.

Since the beginning of the year, spot gold has surged 29%, setting 28 record highs and surpassing the $3,500/oz mark for the first time. JPMorgan forecasts that gold could exceed $4,000/oz within the next year amid rising recession risks and ongoing U.S.-China trade tensions. Copper prices also climbed 2.1% to $9,379/ton due to the weakening dollar.

Energy
Oil prices rose by more than $1 per barrel, buoyed by new U.S. sanctions on Iran and a stock market rebound following a prior sell-off. At the close of trading on April 22, Brent crude rose $1.18 to $67.44/barrel, while May and June WTI futures increased to $64.32 and $63.47/barrel, respectively.

In the previous session, both Brent and WTI had dropped over 2% amid progress in U.S.-Iran nuclear negotiations. The stock market had also dipped sharply following President Trump’s criticism of the Federal Reserve Chairman. However, a drop in U.S. crude oil inventories by nearly 4.6 million barrels helped boost oil prices.

Natural gas prices in the U.S. remained at a five-month low due to near-record production levels. Forecasts of mild weather are expected to reduce heating and cooling demand through early May 2025. During the session, May natural gas futures fell by 0.9 cents to $3.007/mmBTU, the lowest since November 19, 2024.

The post Commodity Market News – April 23, 2025 appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

Brent and WTI Oil Prices Bounce Back

As recorded at 4:30 AM (Vietnam time) on April 23 on Oilprice, Brent crude rose by $1.18perbarrel(1.8$67.44 per barrel, while WTI crude increased by $1.23perbarrel(1.95$64.32 per barrel.

Factors Behind the Oil Price Recovery

The rebound was supported by the U.S. imposing new sanctions on Iran, specifically targeting Seyed Asadoollah Emamjomeh—a key figure in Iran’s crude oil and liquefied petroleum gas (LPG) shipping sector—along with his associated business network.

Additionally, the U.S. stock market showed signs of recovery after a heavy sell-off, providing further momentum for the rebound in Brent and WTI prices.

Impact of Geopolitical and Economic Tensions

Previously, oil prices had fallen more than 2% due to progress in U.S.-Iran nuclear talks, as well as concerns over U.S. President Donald Trump’s criticism of Federal Reserve Chairman Jerome Powell, which fueled market uncertainty.

According to Reuters, John Kilduff, an analyst at Again Capital (New York), stated: “Although negotiations show positive signs, the lack of a clear agreement means Iran’s oil exports remain constrained by increasingly stringent sanctions.”

Moreover, U.S.-China trade tensions and tariff disputes with other major economic partners continue to pressure oil prices. Investors are increasingly concerned that a potential global economic downturn could weaken energy demand.

Short-Term Oil Price Outlook

In the near term, Brent and WTI prices are expected to remain highly sensitive to geopolitical developments, U.S. policy shifts, and global stock market trends. The U.S.’s efforts to restrict Iranian oil exports will play a key role in shaping global supply dynamics.

The post April 23: Global Oil Prices Recover After Sharp Decline appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

U.S. Dollar Index (DXY00) dropped by 0.98% on Monday, reaching its lowest level in three years. The dollar faced a sharp sell-off during the day as a new crisis of confidence in the currency emerged.

The Leading Economic Index in the U.S. for early March declined by 0.7% from the previous month, falling short of the forecasted 0.5% drop. This marks the largest decrease in the last 17 months.

The People’s Bank of China (PBoC) decided to keep its benchmark lending rates unchanged: the one-year loan prime rate remains at 3.10%, while the five-year rate holds steady at 3.60%.

Key Commodity Group Updates:

Metals

The gold market surged to a record high above $3,400/oz as a weakening U.S. dollar and rising economic uncertainties stemming from U.S.-China trade tensions drove demand for safe-haven assets. Spot gold on the LBMA rose by 2.7% to $3,417.62/oz, while June 2025 futures gained 2.9% to $3,425.30/oz.

Iron ore prices on the Dalian Exchange climbed due to short-term demand and the weak dollar, despite ongoing trade tensions between the U.S. and China. May 2025 iron ore futures on the Dalian Exchange increased 1.27% to 715.5 CNY/ton (98.15 USD/ton), while Singapore futures rose 1.69% to 99.15 USD/ton.

The U.S. dollar has reached its lowest point in three years as investor confidence in the U.S. economy wanes following remarks from President Donald Trump regarding Federal Reserve Chair Jerome Powell. The dollar’s weakness has made gold more appealing, with prices having risen over $700/oz since the beginning of 2025.

Energy

Oil prices dropped by more than 2% due to positive signals in U.S.-Iran negotiations and hopes to curb the negative impacts of tariffs on fuel demand. By the end of trading on April 21, Brent crude fell $1.70 to $66.26/barrel, while WTI slipped $1.60 to $63.08/barrel.

During negotiations, the U.S. and Iran agreed to begin addressing obstacles to a potential nuclear consensus, according to Iran’s Foreign Minister. Meanwhile, OPEC+—including major producers such as the Organization of the Petroleum Exporting Countries and allies like Russia—plans to increase output by 411,000 barrels per day starting May 2025.

Natural gas prices in the U.S. dropped 7% to a five-month low due to record-high production, milder weather, and lower-than-expected demand in the upcoming two weeks. May 2025 natural gas futures on the New York Mercantile Exchange fell 22.9 cents to $3.016 per mmBTU.

The post Commodity Market Bulletin – April 22, 2025 appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

The global silver market is closed for Easter 2025.

According to James Hyerczyk – Market Analyst at FX Empire, silver is attracting attention as macro risks increase.

For traders, this creates a great opportunity for silver – an asset that tends to perform well in stressful conditions but is often overlooked compared to gold.

The gold-silver ratio remains high, trading well above its historical average range of 70:1 to 85:1.

“This imbalance suggests that silver could offer more returns than gold if normalization occurs. Traders looking to rebalance may find silver attractive at current levels, especially as central bank confidence and inflation expectations are key issues,” said James Hyerczyk.

He said that a tariff-related slowdown could weigh on industrial silver demand, particularly in the electronics and solar sectors.

“However, key offsetting measures – including the silver tax exemption – are helping to protect supply continuity. As for investment demand, as macro risks increase, institutional and individual interest in silver also increases,” he said.

Silver price today at Phu Quy Jewelry Group, Phu Quy silver price is stable, listed at 1,247,000 VND/tael (buy) and 1,286,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, domestic silver prices are stable in both buying and selling directions, currently listed at 1,033,000 VND/tael (buy) and 1,063,000 VND/tael (sell). In Ho Chi Minh City, silver prices are following the same trend, currently at 1,035,000 VND/tael (buy) and 1,068,000 VND/tael (sell). World silver prices remain stable in both buying and selling directions, currently at 843,000 VND/ounce (buy) and 848,000 VND/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on April 21, 2025:

Update the latest silver price list at Phu Quy Gold and Gemstone Group on April 21, 2025:

The post Silver Price Today 4/21/2025: Silver Maintains Sideways appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

Oil prices today 04/21/2025

Recorded on Oilprice at 4:30 a.m. on 04/21/2025 (Vietnam time), Brent oil price was at 67.85 USD/barrel, up 3.20% (equivalent to an increase of 2.11 USD/barrel).

Similarly, WTI oil price was at 64.45 USD/barrel, up 3.54% (equivalent to an increase of 2.21 USD/barrel).

World oil prices have just recorded a strong weekly increase, ending a two-week decline. The increase mainly comes from factors supporting supply and expectations of improved trade relations between the US and the EU.

One of the reasons for the increase in oil prices is the US imposing additional sanctions to tighten Iran’s oil exports, including many companies and shipping vessels related to China. This has raised concerns about a global supply shortage and pushed up risk premiums.

At the same time, OPEC announced an update on its production cut plan for some member countries, raising the adjustment level from 196,000 – 520,000 barrels/day, higher than the previous level. This move contributed to tightening the market and supporting price increases.

In addition to supply factors, the prospect of trade negotiations

between the US and the EU, especially after the meeting between US President Donald Trump and Italian Prime Minister Giorgia Meloni, also created positive sentiment for the market.

Brent crude oil prices ended the week up 7%, returning to $68/barrel; WTI rose more than 5%. Also last week, the European Central Bank (ECB) cut interest rates by another 25 basis points to 2.25%, the seventh reduction in a year. The ECB also warned that economic growth would be significantly affected by US tariffs, reinforcing expectations of further policy easing in the coming months.

Domestic gasoline prices today, April 21, 2025

Domestic gasoline retail prices on April 21, 2025 are applied according to the adjustment session from 3:00 p.m. on April 17 by the Ministry of Finance – Ministry of Industry and Trade.

Specifically, the price of E5 RON 92 gasoline decreased by VND 384/liter, down to VND 18,498/liter; RON 95 gasoline decreased by VND 351/liter, down to VND 18,856/liter.

The price of 0.05S diesel decreased by VND 206/liter, down to VND 17,037/liter; kerosene decreased by VND 229/liter, down to VND 17,184/liter; the price of 180 CST 3.5S mazut increased by VND 58/kg to VND 15,960/kg.

In this adjustment period, the Ministry of Industry and Trade – Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel, kerosene, and mazut.

Thus, from the beginning of 2025 to now, domestic gasoline prices have undergone 16 adjustment sessions, including 7 sessions of decrease, 6 sessions of increase and 3 sessions of opposite direction.

The post Oil prices today 04/21/2025: WTI and Brent oil prices increase appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

Gold price today 04/17/2025

At the time of survey at 4:30 a.m. on 04/17/2025, gold prices were listed by some businesses as follows:

At Saigon Jewelry Company (SJC), SJC gold bars were traded at 113-115.5 million VND/tael (buy-sell); increased by 7.5 million VND/tael for buying and increased by 7.5 million VND/tael for selling. The difference between buying and selling prices was at 2.5 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 113-115.5 million VND/tael (buy-sell); an increase of 7.5 million VND/tael for both buying and selling. The difference between buying and selling prices was 2.5 million VND/tael.

The price of SJC gold at Bao Tin Minh Chau Company Limited was traded by the enterprise at 112.5-115.5 million VND/tael (buy-sell); an increase of 7 million VND/tael for buying and an increase of 7.5 million VND/tael for selling. The difference between buying and selling prices was 3 million VND/tael.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 113.5-116.5 million VND/tael for buying and selling. Compared to yesterday, gold price increased by 500,000 VND/tael in buying price and remained unchanged in selling price compared to yesterday.

The latest gold price list today, April 17, 2025 is as follows:

World gold price today April 17, 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 3,322.05 USD/ounce. Today’s gold price increased by 1.36% compared to yesterday. Converted according to the USD exchange rate on the free market (26,060 VND/USD), the world gold price is about 104.3 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.2 million VND/tael higher than the international gold price.

“Gold remains strongly supported by broad-based US dollar weakness, uncertainty around tariff announcements and concerns about a global economic slowdown,” said Lukman Otunuga, senior research analyst at FXTM. “Breaking above $3,300 is a psychological level for gold. Buyers could target $3,400, $3,500 and beyond.”

Gold has gained nearly $700 this year, supported by tariff disputes, expectations of rate cuts and strong central bank buying.

“This rally has become a little out of control, which puts it at risk of a correction,” said Ole Hansen, head of commodity strategy at Saxo Bank. “However, over the past year or so, we have seen corrections that have been shallow, with underlying buying waiting for any declines.”

Investors are looking to a speech by US Federal Reserve Chairman Jerome Powell later in the day for further clues on the direction of interest rates.

Meanwhile, spot silver rose 1.5% to $32.75 an ounce, platinum rose 1% to $968.53 and palladium rose 0.3% to $974.20.

The post Gold price today 04/17/2025: Gold surpasses the 3,300 USD mark appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

Oil prices today 04/16/2025

Recorded on Oilprice at 4:30 a.m. on 04/16/2025 (Vietnam time), Brent oil price was at 64.64 USD/barrel, down 0.39% (equivalent to a decrease of 0.25 USD/barrel).

Similarly, WTI oil price was at 61.33 USD/barrel, down 0.26% (equivalent to a decrease of 0.16 USD/barrel).

The volatile trade policy of the United States has created a lot of uncertainty for the global oil market and prompted the Organization of the Petroleum Exporting Countries (OPEC) to lower its oil demand forecast on Monday. Then, on Tuesday, the International Energy Agency (IEA) forecast that the growth rate of global oil demand in 2025 will be the slowest in five years, also due to concerns about Trump’s tariffs.

The uncertainty from these tariffs has prompted many major banks such as UBS, BNP Paribas and HSBC to cut their oil price forecasts for this year and next.

“If the trade situation continues to escalate, in a worst-case scenario, Brent crude oil prices could fall to $40-60/barrel in the next few months,” said UBS expert Giovanni Staunovo. Concerns about Trump’s tariffs, combined with increased production by OPEC+, have caused oil prices to fall about 14% this month alone. (OPEC+ is an alliance between OPEC and allied oil producers, including Russia.)

However, oil prices also received some support along with the US stock market after Mr. Trump announced that he was considering adjusting the 25% tariff on imported cars from Mexico and some other countries.

US crude oil inventory data from the American Petroleum Institute (API) is expected to be released later on Tuesday, while data from the US Energy Information Administration (EIA) will be released on Wednesday.

Analysts forecast that US energy companies withdrew about 1 million barrels of oil from reserves in the week ending April 11 – compared with an increase of 2.7 million barrels in the same period last year and an average increase of 4.2 million barrels over the past five years (2020–2024).

Domestic gasoline prices today, April 16, 2025

Domestic gasoline retail prices on April 16, 2025 are applied according to the adjustment session from 3:00 p.m. on April 10 by the Ministry of Finance – Ministry of Industry and Trade.

Specifically, the price of E5 RON 92 gasoline decreased by VND1,491/liter, down to VND18,882/liter; RON 95 gasoline decreased by VND1,712/liter, down to VND19,207/liter.

The price of 0.05S diesel decreased by VND1,235/liter, down to VND17,243/liter; kerosene decreased by VND1,322/liter, down to VND17,413/liter; the price of 180CST 3.5S mazut decreased by VND1,124/kg, down to VND15,902/kg.

In this adjustment period, the Ministry of Industry and Trade – Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel, kerosene, and mazut.

Thus, from the beginning of 2025 to now, domestic gasoline prices have undergone 15 adjustment sessions, including 6 sessions of decrease, 6 sessions of increase and 3 sessions of opposite direction.

The post Oil prices today 04/16/2025: Little change appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

Selling pressure continued to dominate the world raw material commodity market in yesterday’s trading session (April 15). Notably, green continued to cover the metal market as the market expected the US to soon lower interest rates and positive consumption signals from key industries. Meanwhile, soybean prices were affected by profit-taking activities after consecutive increases in previous sessions.

Buying pressure continues to dominate the metal market

The metal market continued to maintain its upward momentum in the trading session on April 15 with overwhelming buying pressure thanks to expectations that the US will soon lower interest rates and positive consumption signals from key industries.

In the precious metals market, at the end of the session, silver price increased by 0.4% to 32.3 USD/ounce, while platinum price increased by 1.3% to 969.9 USD/ounce.

Global sales of electric and hybrid vehicles rose 29% year-on-year in March to 1.7 million units, according to Rho Motion. In particular, China saw a 36% increase, nearly reaching the 1 million mark, while sales in Europe rose 24% to 400,000 units, thanks to stricter emissions regulations. This strong growth is expected to boost demand for silver and platinum, as silver is used in electrical systems and sensors, while platinum plays an important role in the exhaust gas treatment of hybrid vehicles.

In the base metals group, COMEX copper edged up 0.01% to $10,198.57/t, while iron ore extended its recovery with a 0.59% increase to $98.71/t.

The ready-to-deliver copper inventory on the Shanghai Futures Exchange (SHFE) at the end of March was only 235,296 tonnes, down 12% from the end of February. This development partly reinforced concerns about tight supply, thereby supporting copper prices to continue to maintain green in yesterday’s trading session.

In addition, data from the International Stainless Steel Forum (ISSF) showed that global stainless steel output in 2024 increased by 7% compared to 2023, reflecting stable production demand and contributing to boosting the consumption of input materials such as iron ore, creating momentum for price recovery in the market.

Commodity Market 16/4: Soybean Prices Extend Weakness

According to MXV, in yesterday’s trading session, red continued to dominate the agricultural market. In particular, soybean prices extended their weakness in the trading session, closing with a 0.55% adjustment to 380 USD/ton. The decline mainly came from profit-taking activities after a series of continuous increases, especially in near-month contracts, while far-month contracts remained green.

Pressure on the market increased after the National Oilseed Crushers Association (NOPA) released its March crushing report with lower-than-expected results. Specifically, the soybean crushing volume reached about 5.3 million tons, nearly 81,650 tons lower than the average forecast. Although higher than February, this figure is still lower than the same period last year and recorded the lowest average oilseed crushing rate in the past 6 months, reducing expectations for short-term soybean consumption demand.

In addition, strong export prospects from Brazil continue to put pressure on prices. The Brazilian Grain Exporters Association (ANEC) forecasts soybean exports in April at 14.5 million tons, up from 13.3 million tons last week, thanks to accelerated harvest progress.

Tariff-related information is still appearing frequently but is not strong enough to have a strong impact on the market. The Trump administration has shifted to negotiating with its partners and promoting domestic investment, while China continues to maintain a confrontational stance and is the only country with the highest tariffs.

For soybean products, soybean oil prices were supported by significantly lower-than-expected NOPA inventories. Conversely, soybean meal prices weakened in line with soybeans, as the depreciation of the peso is expected to boost soybean meal exports from Argentina, adding further pressure to prices.

The post Commodity Market April 16: Soybean Prices Extend Weakness appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

Silver price today at Phu Quy Gold and Gemstone Group, Phu Quy silver price continued to increase, listed at 1,235,000 VND/tael (buy) and 1,273,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, domestic silver price increased in both buying and selling directions, currently listed at 1,024,000 VND/tael (buy) and 1,054,000 VND/tael (sell). In Ho Chi Minh City. In Ho Chi Minh City, silver prices are also increasing, currently at 1,026,000 VND/tael (buy) and 1,060,000 VND/tael (sell). World silver prices are increasing in both buying and selling directions, currently at 836,000 VND/ounce (buy) and 841,000 VND/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on April 15, 2025:

Update the latest silver price list at Phu Quy Gold and Gemstone Group on April 15, 2025:

Latest update on world silver prices on April 15, 2025:

In the world market, the silver price listed on Goldprice.org is at 31.97 USD/ounce.

Silver prices have recorded a strong increase in the past week. According to FX Empire, the increase in silver prices is largely due to safe-haven demand as the global market becomes increasingly unstable, the USD weakens and concerns about global trade increase.

Although the historical breakthrough of gold prices helps to push silver up, many investors are still cautious about this increase due to concerns about weakening industrial demand, especially from China.

Analyst James Hyerczyk at FX Empire commented that the gold price surpassing the 3,200 USD/ounce mark is an important catalyst for silver to increase, thanks to global risk-off sentiment and money flowing into physical assets.

The post Silver price today April 15, 2025: Silver increases simultaneously appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

World gold price today 04/15/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:00 a.m. today, Vietnam time, was at 3,211.19 USD/ounce. Today’s gold price decreased by 0.76% compared to yesterday. Converted according to the USD exchange rate on the free market (26,027 VND/USD), world gold is priced at about 100.7 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 6.8 million VND/tael higher than the international gold price.

Spot gold fell 1.2% to $3,199.09 an ounce by 9:24 a.m. ET (13:24 GMT), after hitting an all-time high of $3,245.42. U.S. gold futures fell 0.9% to $3,215.70.

“Some risk-on trade has cooled gold prices from recent highs, but overall the environment remains quite good for gold,” said Bart Melek, head of commodity strategy at TD Securities.

Risk sentiment in broader financial markets rose after Washington announced it would exclude some electronics such as smartphones and computers from President Donald Trump’s retaliatory tariffs.

“Perhaps some relief on the tariff front, with exemptions for some electronics, could ease safe-haven demand,” said Peter Grant, vice president and senior metals strategist at Zaner Metals. “However, continued trade and tariff uncertainty, a weaker dollar and lower bond yields tend to support gold.”

One factor supporting gold prices is the dollar (.DXY), which is near a three-year low against a basket of currencies.

Goldman Sachs remained the most bullish on gold among major banks, raising its year-end forecast to $3,700, citing stronger-than-expected central bank demand and rising recession risks impacting inflows into gold-backed exchange-traded funds.

Elsewhere, spot silver fell 1.1% to $31.91 an ounce, while platinum rose 0.5% to $947.05. Palladium increased by 3.4% to 946.36 USD.

Gold price today April 15, 2025

At the time of survey at 4:30 a.m. on April 15, 2025, gold prices were listed by some businesses specifically as follows:

At Saigon Jewelry Company (SJC) and DOJI Group, transactions were at 105-107.5 million VND/tael (buy – sell), an increase of 2 million VND/tael for buying and 1 million VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 105-107.5 million VND/tael, an increase of 2 million VND/tael for buying and 1 million VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 105.7-107.5 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 100,000 VND/tael for buying and remained unchanged for selling compared to yesterday.

The latest gold price list today, April 15, 2025 is as follows:

The post Gold price today 04/15/2025: Withdrawing from record high appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

Oil prices today 04/14/2025

Recorded on Oilprice at 4:30 a.m. on 04/14/2025 (Vietnam time), Brent oil price was at 64.59 USD/barrel, up 2.26% (equivalent to an increase of 1.43 USD/barrel).

Similarly, WTI oil price was at 61.48 USD/barrel, up 2.38% (equivalent to an increase of 1.43 USD/barrel).

Oil prices fluctuated this week, with Brent down 82 cents and WTI down 49 cents for the week, marking a second consecutive weekly decline but the decline was narrowed.

Although oil prices rose more than 2% in the final trading session of the week after news that the US could block Iran’s oil exports. However, this increase was not enough to make up for the “loss” in previous trading sessions. Therefore, oil prices this week recorded another weekly decline. Brent oil prices closed the trading week at $64.59/barrel; WTI oil prices ended the week at $61.48/barrel.

According to Lipow Oil Associates President Andrew Lipow, strict enforcement of restrictions on Iran’s crude oil exports will reduce global supply.

Ole Hansen, head of commodity strategy at Saxo Bank, said: “Although some tariffs, except for those on China, have been delayed by 90 days, the damage to the market has already been done, making it difficult for prices to stabilize.

The US Energy Information Administration has cut its global economic growth forecast and warned that tariffs could put significant pressure on oil prices. The agency has lowered its forecast for US and global oil demand this year and next.

Domestic gasoline prices today, April 14, 2025

Domestic gasoline retail prices on April 14, 2025 are applied according to the adjustment session from 3:00 p.m. on April 10 by the Ministry of Finance – Ministry of Industry and Trade.

Specifically, the price of E5 RON 92 gasoline decreased by VND1,491/liter, down to VND18,882/liter; RON 95 gasoline decreased by VND1,712/liter, down to VND19,207/liter.

The price of 0.05S diesel decreased by VND1,235/liter, down to VND17,243/liter; kerosene decreased by VND1,322/liter, down to VND17,413/liter; the price of 180CST 3.5S mazut decreased by VND1,124/kg, down to VND15,902/kg.

The post Oil prices today 04/14/2025: World crude oil rebounds appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

Domestic coffee prices stable in the highlands

In the Central Highlands, coffee prices were recorded to maintain a sideways trend today. The average purchasing price in the provinces fluctuated around 125,000 VND/kg – the highest level since the beginning of the month.

Specifically:

Dak Lak: 125,000 VND/kg

Lam Dong: 123,700 VND/kg

Gia Lai: 125,000 VND/kg

Dak Nong: 125,000 VND/kg

Domestic coffee prices are updated on Giacaphe.com daily, based on fluctuations of the two largest coffee exchanges in the world (London and New York), along with actual surveys from businesses and purchasing agents in key coffee growing areas across the country.

It is forecasted that tomorrow, April 15, domestic coffee prices are likely to continue to increase slightly if international demand is maintained as it is now.

World coffee prices maintain upward momentum

On the world market, Robusta coffee prices remain stable within a high range. The trading session on April 13 showed that the price did not change much compared to the previous session, indicating that the market sentiment is temporarily stable after a series of strong increases.

Specifically, the price of Robusta coffee is traded as follows:

May 2025: 5,099 USD/ton

July 2025: 5,049 USD/ton

September 2025: 4,971 USD/ton

November 2025: 4,899 USD/ton

Similarly, the New York floor recorded that the price of Arabica coffee remained at a high level, ranging from 331.20 – 360.70 cents/lb. Futures prices remain stable:

May 2025: 360.00 cents/lb

July 2025: 353.60 cents/lb

September 2025: 347.80 cents/lb

December 2025: 341.25 cents/lb

Brazilian Arabica – the market’s preferred variety – also saw no new fluctuations. Stable selling price in the range of 407.10 – 474.00 USD/ton:

May 2025: 472.45 USD/ton

July 2025: 443.30 USD/ton

September 2025: 426.30 USD/ton

December 2025: 423.15 USD/ton

With the increasing momentum maintained at both major exchanges and domestic prices stable at high levels, the coffee market is likely to continue to improve in the coming sessions. However, factors such as weather in the Central Highlands and export demand will be variables to monitor in the short term.

The post Coffee prices today, April 14: Stabilizing at the beginning of the new week appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

Copper prices rebound

According to the metal market on April 14, 2025, copper prices on the London Metal Exchange (LME) increased by 2.65% compared to the previous session, to $9,145.88/ton. This is an impressive increase just a few days after copper prices fell to $8,105/ton, the lowest level in many months.

The main reason for the decline at the beginning of the week was the escalating tariff war between the two largest economies in the world. Specifically, Beijing increased tariffs to 125% on US goods, in response to US President Donald Trump raising tariffs to 145% on imports from China. This move has investors worried about the risk of a global economic recession, directly affecting the consumption prospects of industrial metals, especially copper – which plays an essential role in the construction and electricity industries.

However, immediately after the sharp decline, demand from China and short-term technical factors helped the copper market recover significantly at the end of the week.

Positive signals from the demand side

Chile’s largest copper miner, Codelco, said it is seeing strong demand from China this quarter – a key factor supporting the recent price rally. Notably, the Yangshan copper premium – an index reflecting copper import demand into China – remained at $87/t, its highest since late 2023.

In addition, copper inventories in warehouses managed by the Shanghai Futures Exchange fell 19% last week, indicating a rebound in consumption and a gradual return to positive sentiment in the market.

In addition to supply and demand factors, fluctuations in the derivatives market also contributed to price direction. The spread between the spot contract and the three-month contract on the LME has shifted from a discount of $63/t last week to a premium of $50/t, reflecting investors’ adjusted expectations ahead of the futures settlement date.

Domestic steel prices remain stable

According to the latest survey of the metal market on April 14, 2025, steel prices in domestic regions remained almost unchanged compared to the beginning of April. In the North, major brands such as Hoa Phat, Viet Duc, VAS and Viet Sing all kept their listed prices unchanged, showing a trend of keeping prices to stabilize the domestic market.

Specifically, in the Northern region:

Hoa Phat: CB240 steel price is 13,530 VND/kg, D10 CB300 is 13,580 VND/kg
Viet Duc: CB240 is at 13,430 VND/kg, D10 CB300 is 13,740 VND/kg
VAS: CB240 is 13,400 VND/kg, D10 CB300 is 13,450 VND/kg
Viet Sing: CB240 listed at 13,330 VND/kg, D10 CB300 is 13,530 VND/kg
In the Central region, Viet Duc maintains the price of 13,840 VND/kg for CB240 and 14,140 VND/kg for D10 CB300. In Ho Chi Minh City, Tung Ho brand kept the price at VND13,400/kg for CB240 and VND13,750/kg for D10 CB300.

Pressure from the world market: Steel bar prices fall to 8-year low

Although the domestic market is stable, world steel prices are falling sharply. On the Shanghai Stock Exchange, steel bar futures for May delivery are trading around 3,009 yuan/ton – the lowest level in 8 years. Similarly, iron ore futures for May delivery on the Dalian Stock Exchange also dropped to 731 yuan/ton.

In contrast, on the Singapore Stock Exchange, iron ore prices showed signs of a slight recovery, increasing to 94.78 USD/ton. The differentiation between trading floors shows that market sentiment is still cautious, especially in the face of fluctuations in trade policies.

For Vietnam, the pressure from raw material costs and the risk of oversupply from the Chinese market may create difficulties for the steel industry in the coming time. However, the fact that domestic enterprises keep prices stable in the short term also shows the effort to balance market demand and competitive pressure.

Other industrial metals rise across the board

Not only copper prices recovered, other industrial metals on the LME also recorded positive gains:

Aluminum: up 1.4% to $2,404/ton
Zinc: up 1% to $2,667/ton
Lead: up 0.8% to $1,907/ton
Tin: up 2.4% to $31,400/ton
Nickel: up 2.8% to $15,210/ton
This broad recovery shows that market sentiment has improved somewhat after a sharp correction earlier in the week, although there are still many potential risks related to trade policy and global growth.

The post Metal Market 04/14/2025: Copper surges, steel hits record low appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.

World gas price today 4/10: Gently adjusted in the tug-of-war zone

According to the latest update at 10:14 am (Vietnam time) on 4/10/2025, the May 2025 natural gas futures contract (code NGK5) on the New York Stock Exchange (CFD) recorded 3.717 USD/MMBtu, down 0.019 USD, equivalent to -0.51% compared to the previous trading session.

This is the next slight decrease after the technical recovery on April 9. Investors assess that natural gas prices have not been able to break out strongly due to many conflicting factors, including stable production in the US, abundant inventories and warmer-than-expected weather in Europe.

However, on the contrary, tensions in the Middle East and production restrictions at some Asian refineries are creating a slight support for the energy market, including liquefied natural gas (LNG).

Domestic gas prices in April 2025: Still increasing since the beginning of the month

Meanwhile, domestic gas prices in April 2025 still maintain the upward adjustment from April 1. According to announcements from key enterprises such as Petrolimex Gas, PV GAS, Saigon Petro:

Petrolimex Gas: VND 428,000/12kg cylinder (up VND 7,000 compared to March)

SP Gas (Saigon Petro): VND 427,000/12kg cylinder

Petroleum Gas (PV Gas): VND 429,000/12kg cylinder

This adjustment mainly comes from the world price movement in the last week of March, when the LPG gas contract price on the CP market (Contract Price – announced by the Arab Aramco Group) increased slightly to USD 587.5/ton.

A representative of a gas company in Ho Chi Minh City commented: “Although world prices have shown signs of adjustment this week, because the CP contract was finalized at the end of March, domestic gas prices in April are unlikely to change suddenly. If world gas prices continue to fall sharply, there is a high possibility that there will be a new decrease in early May.”

Forecasting gas price trends in the coming time: Will there be any sudden changes?

Energy experts believe that gas prices in April may fluctuate within a narrow range as the market has not yet seen any clear boosts in supply or demand.

Regarding supply: The US and Qatar – the two largest LNG suppliers in the world – are both maintaining high output, with no signs of disruption due to weather or technology.

Regarding demand: The European region is entering the spring period – the season with the lowest gas consumption of the year, while Asian countries such as China and Japan are still consuming at low levels due to abundant reserves.

One factor to watch is the return of the Chinese market after the upcoming long holiday. If industrial demand in the country rebounds strongly, gas prices could rebound unexpectedly in the second half of April.

The post Gas price 4/10/2025: World price slightly decreased, domestic price remained high appeared first on VIETCOM - VIETNAM GLOBAL COMMODITIES EXCHANGE JOIN STOCK COMPANY.