On the morning of May 4, the world prices of gold slowed down after falling sharply at 3,239 USD/OCE, while the national gold prices did not fluctuate much.
Early this morning, the world price of the gold listed on kitco was 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.
The three -day downward trend preceding the holidays led to a drop in gold prices of $ 82.80 in total last week.
Evolution of the price of gold today
+ National gold price
On May 4 at 7 a.m., the price of gold ingots 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
The latest weekly Kitco News gold survey shows that only a minority of experts in the sector expect an increase in gold prices next week, while half of the retail traders remain optimistic despite the decline of yellow metal.
Analysts provide an average annual gold price of more than $ 3,000 on the ounce. A survey of 29 traders and analysts gave a median forecast of $ 3,065 per ounce this year, against $ 2,756 in a survey three months ago. 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 due to the volatility of the physical markets and the slowdown in central banks flows, while the reduction in the risks of tariffs and recession could reduce the attraction of gold as a refuge value, said Suki Cooper, analyst at Standard Charterd.
John Weyer, director of commercial coverage at Walsh Trading, said that the gold market will continue to be dominated by the new prices, whether true or not.
