On the morning of May 4, world gold prices slowed after falling abruptly at $ 3.239, while gold prices did not fluctuate much.
Early this morning, the world price of gold that is quoted in Kitco was 3,239 USD/ounce, without changes compared to yesterday morning.
Gold prices stagnated due to the taking of profits and liquidations by short -term futures operators. Many markets are closed by Labor day.
The three -day bearish trend prior to vacations dragged gold prices to a total of $ 82.80 last week.
Gold price movements today
+ Domestic gold price
At 7:00 am on May 4, the price of gold bullion in Doji and SJC was 119.3 – 121.3 million VND/Tael (purchase – sale), without changes from early this morning.
Meanwhile, the price of gold rings is currently listed by DOJI between 114 and 116.5 million VND/Tael (purchase-sale), without changes early this morning.
+ International Gold Price
The world price of gold that is quoted in Kitco is 3,239 USD/ounce, without changes compared to yesterday afternoon. Gold futures spent the last time at $ 3.240.
Gold price forecast
The latest weekly survey about Kitco news shows that only a minority of industry experts expects gold prices to rise next week, while half of retail operators remain optimistic despite the fall of the yellow metal.
Analysts predict an average annual price of gold of more than $ 3,000 an ounce. A survey to 29 merchants and analysts gave an average forecast of $ 3,065 per ounce this year, compared to $ 2,756 of a survey conducted three months ago. The prognosis for the price of gold in 2026 also raised from $ 2,700 an ounce to $ 3,000.
World commercial tensions and growing drear trends are the main drivers of gold prices. Gold cash prices have increased more than 25% since the beginning of the year, almost equalizing the 27% increase last year.
However, price risks persist due to the volatility of physical markets and the deceleration of the flows of the central banks, while the decrease in tariff and recession risks could reduce the attractiveness of gold as a safe refuge, said Suki Cooper, an analyst at Standard Chartered.
John Weyer, Walsh Trading commercial coverage director, said the gold market will continue to be dominated by tariff news, whether rumors or truth.
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