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Domestic gold prices had risen for two consecutive sessions. As of the afternoon of May 8, gold prices were flat compared with this morning, with SJC bullion prices typically ranging from 164.5 to 167.5 million dong per lượng.
Gold jewelry prices varied slightly across brands. DOJI and Bao Tin Minh Chau listed prices at 164.5–167.5 million dong per lượng, while PNJ quoted 164.3–167.3 million dong per lượng. SJC bought and sold jewelry at 164.0–167.0 million dong per lượng. Bao Tin Manh Hai applied 164.5–167.4 million dong per lượng.
In the morning of May 8, bullion and plain jewelry prices across several brands, including SJC, DOJI, PNJ, Bao Tin Minh Chau, and Bao Tin Manh Hai, were also around 164.5–167.5 million dong per lượng.
Earlier, on May 7, domestic gold prices increased by about 1.5 million dong per lượng, after the global gold price moved above $4,700 per ounce.
On the evening of May 7, spot gold rose by $50 to around $4,750 per ounce before falling sharply. The world price is currently trading around $4,700 per ounce.
Both gold and silver futures rose sharply in early Thursday trading in the U.S., supported by lower oil prices, a weaker dollar, and lower Treasury yields. Traders also appeared to price progress toward a possible US–Iran agreement that could reopen the Hormuz Strait.
U.S. economic data released this week showed mixed readings but did not appear unfavorable for precious metals. Initial jobless claims increased to 200,000 for the week ending May 2, up from 190,000 the prior week but below the 205,000 forecast. Nonfarm productivity in Q1 rose 0.8%, while labor costs per unit of output increased 2.3% year over year (seasonally adjusted). Manufacturing productivity rose 3.6%, and unit labor costs in the sector rose 2.4%.
The labor market remained a key focus ahead of Friday’s nonfarm payrolls report. ADP data showed private-sector employment added 109,000 jobs in April, the fastest gain since January 2025. The number was below the 118,000 forecast but above 61,000 in March, with wages up 4.4% year over year.
Overnight macro drivers were centered on a reversal in oil prices. WTI fell to $91.85 per barrel, while Brent fell to $97.97 per barrel, as markets awaited the possibility of a US–Iran agreement that could allow oil shipments to resume through the Persian Gulf.
Investors are also monitoring remarks from Federal Reserve officials after this week’s data reinforced a mixed picture, including a resilient labor market alongside signs of softening demand.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
