Gold price today, the latest gold price news, how much is the domestic gold price, the latest world gold price, SJC gold, gold bars, gold 9999?
Table of Contents
World gold price
World gold price on the afternoon of May 7 in the last trading session of the week is currently trading at 1,883 USD/ounce.
The gold market in the last session of the week reacted slightly to stronger-than-expected employment data. However, the precious metal remains below the key psychologically important level of $1,900 an ounce.
Gold futures for June delivery last traded at $1,887.2 per ounce, up 0.63% on the day. Spot gold was pegged at $1,883.1 per ounce, up $5.7 from the previous day.
According to the latest non-farm payrolls report released by the US Bureau of Labor Statistics on Friday, the US economy created 428,000 jobs in April. This number was slightly higher than expected though. Economists’ average report for an increase of 391,000 jobs and equal to the number of jobs created in March (data has been adjusted down from 431,000 to 428,000). The report also showed the unemployment rate unchanged at 3.6% in April.
Domestic gold price
The latest domestic gold price, the domestic gold price also has slight fluctuations compared to the world gold price.
SJC gold in Hanoi and Ho Chi Minh City is currently listed at 69.80 – 70.45 million VND/tael bought and sold.
PNJ gold price is currently listed at 54.55 – 55.65 million VND/tael bought and sold.
The price of 24K gold jewelry is currently listed at 53.95 – 54.75 million VND/tael bought and sold.
The price of 18K gold jewelry is currently listed at 39.81 – 41.21 million VND/tael bought and sold.
Update the latest domestic gold price list
Gold price forecast
After the last session of the week, the gold price could not hold above the level of 1,900 USD/ounce due to the erratic reaction of the market to the Fed raising interest rates by half a point in the middle of the week and excluding a 75 point increase at the meeting. in June.
Meanwhile, according to OANDA senior market analyst Edward Moya, if the risk aversion as well as the rise in USD stocks is not as strong as many people still see, gold will start to stabilize again. .
Even so, experts also note that the precious metal remains very vulnerable to the last major sell-offs as things bottom out.
According to OANDA’s Edward Moya, the key resistance level next week will be $1,900 to $1,920 an ounce and he thinks $1,850 an ounce will be the level the precious metal needs to hold because if it is broken, gold prices can may fall to the level of 1,800 USD/ounce.