The price of national gold has decreased; The world price of gold has increased

National gold price Today 05/05/2025

At the time of the survey at 4.30 p.m. on May 5, 2025, the price of gold decreased by 1.5 million VND after the holidays due to the impact of the world economy last week. Specifically:

The Doji group is side the price of SJC gold ingots at 117.8-119.8 million VND/TAEL (Purchase – Sale), a drop of 1.5 million VND/TAEL in both directions of purchase and sale compared to yesterday.

At the same time, the price of SJC gold ingots was listed by Saigon Jewelry Company Limited – SJC at 117.8-119.8 million VND/TAEL (Sale), a drop of 1.5 million VND/TAEL in both directions of purchase and sale compared to yesterday.

At Mi Hong Jewelry Company, the Mi Hong Gold Prize at the time of the survey indicated that the price of SJC gold was 117.5 to 119.3 million VND/Tael for purchase and sale. Compared to yesterday, the price of gold decreased by 500,000 VND/Tael to purchase and 200,000 VND/Tael for sale.

The price of SJC gold at Bao Tin Minh Chau Company Limited is negotiated by companies at 117.8-119.8 million VND/Tael (sale – sale of 500,000 VND/Tael in the direction of purchase – down 1.2 million VND/Tael in the direction of sales compared to yesterday.

The price of SJC gold to Phu Quy is negotiated by companies at 117.3-120.3 million VND/TAEL (Purchase – Sale), the price of gold decreased by 200,000 VND/TAEL in both directions of purchase and sale compared to yesterday.

From 4.30 p.m. today, the price of the round ring in gold 9999 Hung Thinh Vuong at Doji is listed at 112.5-115 million VND/Tael (purchase – sale); down 1.5 million VND/Tael in both directions of purchase and sale compared to yesterday.

Bao tin minh chau next to the price of gold rings at 115.5-118.5 million VND/Tael (purchase – sale); Decreasing 1.1 million VND/Tael to purchase – down 1.2 million VND/Tael for sale yesterday.

The last list of gold prices today, on May 5, 2025, is as follows:

Global Gold Course today 05/05/2025 and graphic for fluctuations in the World Gold course in the last 24 hours

According to Kitco, the world price of gold was recorded at 4.30 p.m. Today, Vietnam time, the price was 3,282.38 USD/Once. The price of gold increased today by 32.69 USD/OCE compared to yesterday. Converted according to the USD exchange rate of Vietcombank (26,140 VND/USD), global gold costs around 104.48 million VND/Tael (excluding taxes and fresh). Thus, the price of SJC gold ingots is 15.32 million VND/Tael higher than the international gold price.

The world prices of gold have further increased while the US dollar was weakening, making precious metal more attractive to investors. Meanwhile, the market awaits new developments in trade relations between the United States and China, as well as the results of the next monetary policy of the American Federal Reserve (Fed).

Specifically, gold cash prices have increased by more than 1 %, the US Gold term contracts also increased by 0.8 % to reach 3,267.70 USD/OCE. The US dollar dropped 0.3 % compared to the other main currencies, creating favorable conditions for the rise in gold prices, because the price of gold is set in US dollars.

According to Mr. Tim Waterer, chief market analyst at KCM Trade, the drop in the exchange rate of the US dollar before the Fed meeting contributes to a slight increase in gold prices.

He predicts that gold prices will continue to fluctuate in a range of 3,200 to 3,350 dollars an ounce before the Fed made a new political decision. However, if new information appears on trade agreements with China, gold prices become more unpredictable.

The attention of investors will be focused this week on the Fed decision this week concerning interest rates as well as the speeches of the officials of the American Central Bank. This information could indicate the next management of monetary policy.

The market now expects the Fed to start reducing its interest rates from July, with a total drop expected this year by around 80 basic points, despite the employment data in April exceeding expectations.

In a climate of low interest rate and global risks, gold is often considered to be refuge value and coverage against inflation. The expectations of a flexible monetary policy will continue to support the upward trend of gold in time to come.

American president Donald Trump also confirmed that he would not change the president of the Fed, Jerome Powell, before the end of his mandate in May 2026, while continuing to call the Fed to reduce interest rates to support the economy. Trump also said that the United States was negotiating trade agreements with many countries and that absolute priority was to reach Beijing.

In addition to gold, other precious metals have also seen their price increase. The money increased by $ 32.33 per ounce, the plate increased by $ 961.20 $ 961, $ 961, the Palladium increased by $ 958.38 per ipy.

Gold price forecasts

Many Wall Street experts believe that the downward trend in gold prices is still dominant after two consecutive weeks of falling this precious metal. They said that the pressure of the US dollar and the feeling of the market create major obstacles for short -term gold prices.

The expert from Barchart.com, Darin Newsom, predicts that gold prices will continue to drop this week. He said that if the American Federal Reserve (Fed) decides to maintain unchanged interest rates, this will support the US dollar and increase the downward pressure on gold prices.

Michael Moor, founder of Moor Analytics, said that gold is in the last stages of a long -term bullish cycle. According to him, the price of gold has now reached the maximum drop threshold depending on the analysis model and only temporarily slows down.

Alex Kuptsikevich of FXPro has warned that if gold fails to maintain the support area of ​​$ 3,200 per ounce, the price could continue to drop up to $ 2,900, or even up to $ 2,600 – $ 2,700 if it exceeds the mobile average over 50 days.

However, some still believe that it is only a technical correction and that gold could soon straighten. Jim Wyckoff, principal analyst at Kitco, expects technical purchases to help gold prices to straighten slightly after being sold last week.

Adam Button de Forexlive.com believes that the market is too optimistic about trade agreements, and if the United States fails to offer sufficiently attractive proposals, gold could straighten as concerns will return.

Marc Chandler, director of Bannockburn Global Forex, predicts that gold prices could slightly correct themselves in the range of 3,150 to 3,165 dollars if the dollar continues to increase sharply. However, he believes that if the price exceeds $ 3,315 per ounce, the negative trend will be broken.

Analysts of the CPM group advise investors who bought gold to continue to keep it and monitor the opportunities to buy more if the price adjusts in the range of 3,000 to 3,150 dollars. They believe that by August, there could be a short -term correction period, but a new rally could appear later this year.

Other experts believe that gold prices will continue to fluctuate in a large fork without a clear trend. According to John Weyer of Walsh Trading, the gold market remains very sensitive to news concerning monetary policy and world trade. He said that even if gold is an active refuge, it still has many risks and that prices could evolve laterally in a large range in the times to come.