National gold remains stable
The phenomenon of the prices of national gold ingots does not know many fluctuations. The brands are currently displaying a purchase price of 119.3 million VND/TAEL and a sale price of 121.3 million VND/TAEL.
Compared to other brands, Phu Quy SJC displays lower purchase and sale prices respectively 1.3 million VNDs and 300,000 VND/Tael. Meanwhile, the Bao Tin Minh Chau brand has a difference of 1 million less for purchase and 300,000 less for sale.
The price of gold rings also recorded no adjustment compared to yesterday morning in most brands. The price of SJC 9999 gold rings is currently 114 million VND/Tael for purchase and 116.5 million VND/Tael for sale.
Doji, on the markets of Hanoi and Ho Chi Minh Ville, offers gold rings at 114 million VND/Tael for purchase and 116.5 million VND/Tael for sale.
The Bao Tin Minh Chau brand currently offers gold rings at a purchase price of 116.6 million VND/Tael and at a sale price of 119.7 million VND/Tael.
The PNJ group offers the purchase price of gold rings at 112 million VND/TAEL, and the sale price is 116 million VND/TAEL.
The Phu Quy SJC brand offers to buy gold rings at 114.2 million VND/TAEL and sell them to 117.2 million VND/TAEL.
Evolution of the world gold price
According to information from Kitco, the world price of gold at 5 am this morning (Vietnam time) was exchanged at 3,239.27 USD/Once. Compared to yesterday, the price of gold remains the same. With a USD exchange rate on the free market of 26,430 VND/USD, converted into Vietnamese currency, global gold is equivalent to around 103.2 million VND/Tael (excluding taxes and costs). Thus, the price of SJC gold ingots is around 18.1 million VND/Tael higher than the international gold price.
Currently, national investors are closely monitoring the market situation, waiting to see how it adjusts after the 5 days of vacation. last week, gold prices fluctuated with many adjustments and finished the week with a second consecutive decline. Based on recent market fluctuations, many individual investors and experts have reduced their positive expectations concerning short -term gold.
According to Adrian Day, president of Adrian Day Asset Management, if trade tensions between the United States and China continue to fade, the demand for gold could decrease in the near future.
The market analyst Fawad Razaqzada by Stonex Bullion also predicted that: “Gold prices could drop very well at $ 3,000 an ounce if optimism around trade agreements persists. »»
In fact, many investors returned to the stock market last week, even if the prospect of a trade agreement perhaps persists. The S&P 500 has since increased by more than 17 % compared to its lower April.
“I am not sure that the withdrawal is finished. I am optimistic about the dollar and anticipate an increase in short -term American returns. This could lower the price of gold to 3,150-3,165 dollars perce. Conversely, a return to 3,315 dollars the ounce would appease certain fears of decline, “said Marc Chandler, CEO of Bannockburn Global Forex.
Experts from the CPM group advise those who have no position to continue to stay away, while those who hold gold should keep it in the long term and wait to buy more when the price will adjust down. According to forecasts from this analysis group, the price of gold could drop $ 3,150 per ounce, then possibly reach $ 3,000 an ounce in the next two weeks.
After a week spent paying attention to employment data, investors are now expecting new developments as well as the decision of the American federal reserve on interest rates this week. Analysts lean for the possibility that the Fed maintains current interest rates during this political meeting. The attention of the market will be paid to the speech of the president of the Fed, Jerome Powell, and on press interviews after the meeting.
In addition, Fed governors will be present at the Reykjavik economic conference this week to discuss questions such as artificial intelligence, the labor market and research on monetary policy. Investors will also closely monitor reports on the activity of the United States Services sector and weekly unemployment benefits.
Cao Thong
Source : https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-5-5-tiep-tuc-ha-do-cang-thang-thuong-mai-my-trung-giam-nhiet/20250505074900148
