Gold price this afternoon (May 1): Bao Tin Minh Chau gold rings drop sharply - Lang Son Newspaper and Radio and Television Station

Gold price this afternoon 1-5, according to records, gold price at Bao Tin Minh Chau Company Limited decreased sharply in the buying direction.

Gold price are listed specifically as follows:

SJC gold in Hanoi and Da Nang: 119.3 million VND/tael for buying, 121.3 million VND/tael for selling. SJC Phu Quy gold: 118.3 million VND/tael for buying, 121.3 million VND/tael for selling. DOJI gold in Hanoi and DOJI in Ho Chi Minh City: 119.3 million VND/tael for buying, 121.3 million VND/tael for selling. PNJ gold in Ho Chi Minh City: 114 million VND/tael for buying, 117 million VND/tael for selling.

Illustration photo: Economic & Urban Newspaper

The price of SJC gold bars and plain round gold rings at Bao Tin Minh Chau Company Limited is traded by the enterprise at 118 million VND/tael for buying (down 1,300,000 VND/tael), 121 million VND/tael for selling (down 300,000 VND/tael).

Although there have been many unusual fluctuations recently, overall in April, the world gold price still increased by nearly 6%.

Newly released data showed that US GDP contracted by 0.3% in the latest quarter as many businesses rushed to import goods ahead of US President Donald Trump's tariff measures taking effect.

Expert Tai Wong commented: “The world gold price is still in an upward trend. The latest data shows that the US Federal Reserve (Fed) is getting closer to the possibility of lowering interest rates, which will create many positive developments for gold prices.”

Mr. Wong predicts that the world gold price is on track to reach 3,500 USD/ounce.

The latest signs show that the US economy is showing signs of weakness, so the Fed will need to resume cutting interest rates. The total estimated interest rate cut by the Fed before the end of this year is about 1%.

Source: https://baolangson.vn/gia-vang-chieu-nay-1-5-vang-nhan-bao-tin-minh-chau-giam-manh-5045719.html