Editor’s Note
Gold prices in Asia fell to a two-week low on May 1, driven by a stronger US dollar and easing trade tensions. Investors are now focused on the upcoming US non-farm payrolls report for clues on the Federal Reserve’s policy path.
Gold prices in Asia fell to their lowest level in two weeks on the afternoon of May 1. This decline is attributed to the strengthening of the US dollar and the easing of trade tensions, which reduced gold’s appeal as a safe-haven asset.
Simultaneously, investors are awaiting further information from the US monthly non-farm payrolls report to gain a clearer understanding of the Federal Reserve’s policy direction.
Ilya Spivak, Head of Global Macroeconomic Analysis at Tastylive, noted that gold prices fell following the easing of trade tensions. However, he emphasized that market sentiment remains unstable and investors will react quickly to new information. In April, gold prices repeatedly reached record highs due to increased global uncertainty.
In Vietnam, the market is closed due to a public holiday. On the morning of May 2, the SJC gold price quoted by Saigon Jewelry Company was 119.3 to 121.3 million VND per tael (buy-sell).
Below is a list of gold prices from some domestic companies specializing in gold, silver, and gemstones:
– Gold price at Saigon Jewelry Company Limited (SJC)
– Gold price at Phu Quy Gold Investment Joint Stock Company
– Gold price at Doji Gold, Silver and Gemstone Group
