The price of gold today 1/5/2025 worldwide fell dramatically, SJC and rings face great pressure

Domestic gold prices They stopped quoting today due to the holiday from April 30 to May 1.

SJC and DOJI gold bull prices list updated on May 1

SJC and DOJI Gold Rings price List updated the morning of May 1

At 8:23 am today (May 1, Vietnam time) the price in the world gold was at 3,243.4 USD/ounce, 59.6 USD/ounce less than last night. The price of gold futures for delivery in June 2025 on the New York Comex floor is $ 3.255 ounce.

On the morning of May 1 the world price of gold turned at the bank price into US dollars was more than 103.4 million VND/Tael, including taxes and fees, around 17.9 million VND/Tael lower than the price of national gold.

At 8:30 p.m. On April 30 (Vietnam time), the gold price in the international market today was USD/ounce. The gold for delivery in June 2025 on the New York Comex floor was at 3.311 dollars an ounce.

The world price of gold on the night of April 30 was approximately 60.1% higher (equivalent to USD/ounce) than at the beginning of 2024. The world price of gold converted to the price of the banking dollar was 105.3 million Vnd/Tael, including taxes and fees, approximately 16 million Vnd/Tael lower than the price of domestic gold at the end of the afternoon session of April 30.

Gold world prices fluctuate unpredictably. Golden bears and SJC’s gold rings are still at very high levels.

During the April 30 negotiation session in the Asian and European markets, gold cash prices fell dramatically, sometimes reaching $ 3,270 an ounce. This is the lowest level of the last week. However, gold prices rose strongly in the New York market and exceeded the threshold of $ 3,300.

The previous fall in world gold prices was mainly due to the selling pressure to take profits after this basic product increased abruptly since the beginning of the year and many other markets stabilized again. Money flows towards the purchase of assets from the bottom up with greater risk.

However, gold prices recovered after the United States published less positive economic data.

The United States ADP Employment Report recently published for April was a great disappointment, with 62,000 new jobs created, a figure much lower than the 120,000 expected jobs.

In addition, American GDP of the first quarter fell 0.3% compared to the anterior quarter and compared to the expectations of an increase of 0.4%.

These figures make many bet on the possibility that the United States Federal Reserve (FED) lowers interest rates before expected. Consequently, the dollar will fall, which will boost gold prices up.

The price of internal gold still is around 120 million VND/Tael. Specifically, at the end of the negotiation session of April 29 (before the holiday), the price of 9999 gold bullion in SJC and DOJI was quoted at 119.3-121.3 million VND/Tael (purchase-sale), an increase of 1.8 million VND both in purchase prices and for sale compared to the previous session.

The price of the gold ring is also high. At the end of April 29, SJC announced the price of gold rings of type 1 to 5 in only 114-116.5 million VND/Tael (purchase-sale), an increase of 1.5 million VND both in purchase and for sale compared to the previous session. Doji quoted the price of the Round Smooth Rings of 9999 between 114 and 116.5 million Vnd/Tael (buying-sale), increasing at the same level.

Gold price forecast

Recently, global gold prices have fluctuated unpredictably and seems unlikely to increase more due to constant pressure to make profits. However, the downward adjustment is not strong.

According to SP Angel experts, some stock markets have stabilized, the yields of American treasure bonds have fallen and the Volatility Index of the US stock market (VIX) has also decreased. This creates a strong sale pressure in the gold market.

However, there is still an unanswered question: have the worst of the fears of the market about commercial tariffs happen? If the answer is yes, then the world stock markets have touched background. If the answer is no, then a more bleak scenario of prolonged weakness of the stock market is more likely and even a global recession.

China’s economy is beginning to feel the effects of the commercial war with the United States. The new export orders of China fell dramatically in April to its lowest level from the pandemic, with the general manufacturing activity at its weakest level in more than a year.

According to Dow Jones Newswires, “the strong fall suggests that the shocking tariffs of US President Donald Trump to Chinese imports are beginning to quell the engine of the Chinese economy, pressing Beijing to intensify stimulus efforts to support growth.”

World gold prices have shown signs of “overcompra”, what will happen next? Gold prices fluctuated strongly, reaching a maximum of $ 3,500, and then collapse and then bounce. Many believe that gold prices have reached their maximum point after an overcompra period. However, some analysts say that the rebound is not over yet.

Fuente: https://vietnamnet.vn/gia-vang-hom-nay-1-5-2025-sut-giam-roi-hoi-phuc-sjc-va-nhan-tron-tren-dinh-2396855.html