Domestic gold remains stable
The phenomenon of domestic gold bullion prices does not present many fluctuations. The brands currently indicate the purchase price at 119.3 million VND/TAEL and the sale price at 121.3 million VND/TAEL.
In comparison with other brands, Phu Quy SJC trades purchase and sale prices 1.3 million VND and 300,000 Vnd/Tael lower, respectively. Meanwhile, the Bao Tin Minh Chau brand has a difference of 1 million Vnd less when buying and 300,000 Vnd less when selling.
The price of gold rings also did not record any adjustment compared to most brands yesterday. The price of SJC 9999 gold rings is currently at 114 million VND/TAEL for purchase and 116.5 million VND/Tael for sale.
The Doji, both in Hanoi and Ho Chi Minh markets, indicates the price of gold rings in 114 million VND/Tael for purchase and 116.5 million VND/Tael for sale.
The BAO Tin Minh Chau brand currently markets gold rings at a purchase price of 116.6 million VND/Tael and a sales price of 119.7 million VND/Tael.
PNJ group offers the purchase price of gold rings to 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 world gold price
According to Kitco information, the world price of gold at 5:00 am this morning (Vietnam time) was negotiated at 3,239.27 USD/ounce. Compared to yesterday, the price of gold remains the same. With a exchange rate in the free market of 26,430 VND/USD, converted to Vietnamese currency, world gold is equivalent to about 103.2 million VND/Tael (not including taxes or fees). In this way, the price of SJC gold bullion is approximately 18.1 million VND/Tael higher than the international price of gold.
Currently, national investors are closely following the market situation, waiting to see how it fits after the five -day holiday. last week, gold prices fluctuated with many adjustments and ended the week with a second consecutive fall. Due to recent market fluctuations, many individual and expert investors have reduced their positive short -term gold expectations.
According to Adrian Day, president of Adrian Day Asset Management, if commercial tensions between the United States and China continue to decrease, the demand for gold could decrease in the near future.
Market analyst Fawad Razaqzada of Stonex Bullion agreed and predicted that “gold prices could fall to $ 3,000 ounce if optimism continues around trade agreements.”
In fact, many investors returned to the stock market last week, although the perspective of a commercial agreement may still be present. Since then, the S&P 500 has risen more than 17% since its April minimum.
I am not sure that the correction is over. I am optimistic about the dollar and foresee greater returns in the United States in the short term. This could make gold fall to the range of $ 3,150- $ 3,165/OZ. On the contrary, a return to $ 3,315/OZ would relieve some of the bassist concerns, said Marc Chandler, executive director of Bannockburn Global Forex.
CPM Group experts advise that those who do not have a position should be kept out, while those who have gold should keep it in the long term and wait to buy more when the price is adjusted downward. According to the forecast of this analysis group, gold prices could fall to $ 3,150 and then possibly reach 3,000 dollars ounce in the next two weeks.
After a week of paying attention to employment data, investors now expect new events along with the decision on the interest rates of the United States Federal Reserve this week. Analysts are inclined to the possibility that the FED maintain current interest rates in this policy meeting. Market attention will be focused on the speech of the president of the FED, Jerome Powell, and in the press interviews after the meeting.
In addition, the governors of the Federal Reserve will be present at the Reykjavik Economic Conference this week to discuss issues such as artificial intelligence, labor market and monetary policy research. Investors will also closely follow reports on the activity of the US services sector and weekly unemployment applications.
Cao Thong
Fuente: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-5-5-tiep-tuc-ha-do-cang-thang-thuong-mai-my-trung-giam-nhiet/20250505074900148
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