Early this morning, the world price of gold was listed on Kitco at 3,239 USD/OCE, unchanged from early yesterday morning.
Gold prices have stagnated due to profits and liquidations of short -term long -term traders. Many markets are closed for labor festival.
According to the United States Ministry of Commerce, gross domestic product (GDP) has decreased at an annual rate of 0.3 % between January and March 2025. This is the first quarter since the first quarter of 2022 where American GDP has recorded negative growth.
Immediately after the publication of the employment report in the United States, the World Gold Prize fell to $ 3,200 an ounce. Despite growing economic winds, the American labor market remains solid, with more jobs created than expected.
Gold prices have also dropped while trade tensions between the United States and China have shown signs of appeasement. Meanwhile, the market is still awaiting the publication of American economic data this week to obtain more signs on the political trajectory of the American Federal Reserve (Fed).
Evolution of the price of gold today
+ National gold price
On May 3 at 6 am, the price of gold bars in Doji and SJC was listed at 119.3 – 121.3 million VND/Tael (purchase – sale), unchanged from the start of the morning.
-Meanwhile, the price of gold rings is currently listed by Doji at 114 – 116.5 million VND/Tael (purchase – sale), unchanged from early this morning.
+ International gold price
The world price of gold on the Kitco is 3,239 USD/OCE, unchanged from yesterday afternoon. Gold -term contracts were released for the last time at $ 3,240 an ounce.
Gold price forecasts
Analysts provide an average annual gold price of more than $ 3,000 on the ounce. A survey carried out with 29 traders and analysts gave a median forecast of $ 3,065 per ounce this year, against a forecast of $ 2,756 per ounce in a survey carried out three months earlier. Forecasts concerning the price of gold in 2026 were also revised upwards, going from $ 2,700 per $ 3,000 per ounce.
Global trade tensions and growing dedollarization trends are the main drivers of the rise in gold prices. Gold cash prices have increased by more than 25 % since the start of the year, almost equaling the 27 % increase in last year.
However, price risks remain because the physical markets are unstable and the monetary flows of central banks slow down, while the reduction in the risks of customs prices and recession could reduce the attraction of gold as a refuge value, said Suki Cooper, analyst at Standard Charterd.
Source : https://baoquangninh.vn/gia-vang-hom-nay-3-5-tiep-tuc-roi-xa-nguong-3-300-usd-ounce-3356165.html
