The world price of gold increases

Gold price Today May 7, 2025: national and global gold prices have increased sharply due to concerns about the new tariffs of Mr. Trump and the expectation of the Fed political meeting.

Gold course today 05/07/2025

At the time of the survey at 4:30 am on May 7, 2025, the price of gold was indicated by certain companies specifically as follows:

The price of SJC gold ingots was listed by Saigon Jewelry Company Limited, Doji Group at 120.2-122.2 million VND/Tael (Purchase – Sale), an increase of 2.4 million VND/Tael in both directions of purchase and sale compared to yesterday.

Bao Tin Minh Chau is listed at 120.2-122.2 million VND/Tael (Purchase – Sale), the price increased by 2.4 million VND/Tael in both directions of purchase and sale compared to yesterday.

At Mi Hong Jewelry Company, the price of gold Mi Hong at the time of the survey indicated that the price of SJC gold was 120.5 to 122 million VND/Tael for purchase and sale. Compared to yesterday, the price of gold increased by 2.5 million VND/Tael for purchase – and 2.2 million VND/Tael for sale.

The last list of gold prices today, May 7, 2025, is as follows:

Global Gold Course Today 05/07/2025 and graphic for fluctuations in the world Gold course in the past 24 hours

According to Kitco, the world price of gold recorded at 4:30 am today Vietnam time, was 3,415.44 USD/OCE. The price of gold increased today by 2.39 % compared to yesterday. Converted according to the USD exchange rate on the free market (26,399 VND/USD), global gold costs around 108.7 million VND/Tael (excluding taxes and fresh). Thus, the price of SJC gold ingots is 13.5 million VND/Tael higher than the international gold price.

Gold prices have reached a two-week summit, supported by post-vacation purchases from China and concerns about possible American customs tariffs on imports of pharmaceutical products, while investors awaited the result of the monetary policy of the Federal Reserve, reported Reuters.

The cash in cash increased by $ 3,413.29 per $ 3,413 at 1:56 pm (5:56 pm GMT), its highest level since April 22, when it reached a record of $ 3,500.05 per ounce. US Gold term contracts increased up to $ 3,422.8.

The China markets, the first consumer country, reopened after the labor festival holidays, which took place from May 1 to 5.

“The Haussier market is fueled by the last push of gold investments in China, associated with the continuous measures of central banks to reduce their dependence on American assets, in particular the US dollar”, said Adrian Ash, research director at Bullionvault, in a note.

The dollar has experienced difficulties when investors began to lose patience in the face of the expected trade agreements with the United States, which made gold at the price of cheaper greenback for holders of other currencies.

Gold, a refuge value against uncertainty, has reached several records this year in a context of market nervousness in the face of the evolution of customs tariffs. US President Donald Trump said he was planning to announce new prices on pharmaceutical products in the next two weeks. Earlier Sunday, Trump announced a 100 % rate on films made abroad.

“We believe that there is increased participation of speculators in China,” said Daniel Ghali, a raw material strategist at TD Securities. In the West, we believe that, despite the overcrowding of prices, gold remains largely undervalued. These two factors will support the rise in gold prices. The price could reach $ 4,000 per this year.

Investors are closely monitoring the next FED political decision on Wednesday, the remarks of President Jerome Powell to provide indices on the potential calendar of a drop in rates.

Higher interest rates reduce the attraction of gold, which does not offer any return.

Signing silver increased by $ 33.10 per ounce, the plate increased by around 2.4% to $ 982.52 and palladium increased by $ 3.1% to $ 971.27.