Asian gold prices fell to a two-week low in afternoon trading on May 1, as the stronger US dollar and easing trade tensions eroded the appeal of gold as a safe haven asset.
Meanwhile, investors are waiting for more information on the monthly US employment report (excluding the agricultural sector) to get a clearer view of the US Federal Reserve's (Fed) policy direction.
Ilya Spivak, head of global macro analysis at Tastylive, said gold prices were falling as trade war concerns eased. However, he noted that market sentiment remains volatile and investors will react quickly to new information. Gold prices have been hitting record highs in April as global uncertainty has increased.
Mr. Spivak said the Fed's dovish policy could support gold prices, but the market needed a correction after last month's strong volatility.
In Vietnam, the market is closed for the holiday. On the morning of May 2, the SJC gold price of Saigon Jewelry Company was listed at 119.3-121.3 million VND/tael (buy-sell).
Below is the gold price list at some domestic gold and gemstone companies:
Gold price at Saigon Jewelry Company Limited (SJC):
Gold price at Phu Quy Gold Investment Joint Stock Company:
Gold price at Doji Gold and Gemstone Group:
According to Vietnam+
Source: https://baogialai.com.vn/gia-vang-ngay-25-bang-gia-vang-tai-cac-cong-ty-vang-bac-da-quy-post321374.html
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