Gold price update at the end of the session August 4th: World rebounds, domestic struggle

SJC gold bar price

As of 7:00 PM, Phu Quy Jewelry Group listed SJC gold bar prices at 137.5-140.5 million VND/tael (buying - selling), keeping the buying direction unchanged and decreasing by 500,000 VND/tael on the selling side. The buying - selling difference is at 3 million VND/tael.

SJC gold bar price was listed by DOJI at the threshold of 137.5-140.5 million VND/tael (buying - selling), keeping the buying direction unchanged and decreasing by 500,000 VND/tael on the selling side. The buying - selling difference is at 3 million VND/tael.

SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 138-142 million VND/tael (buying - selling), keeping both directions unchanged. The difference between buying and selling prices is at the threshold of 4 million VND/tael.

9999 gold ring price

As of 7:00 PM, Phu Quy Gold and Gems Group listed the price of gold rings at 137.5-140.5 million VND/tael (buying - selling), keeping the buying direction unchanged and decreasing by 500,000 VND/tael on the selling side. The buying - selling difference is at 3 million VND/tael.

DOJI listed the price of gold rings at 137.5-141.5 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

Bao Tin Minh Chau listed gold ring prices at 138-142 million VND/tael (buying - selling), keeping both directions unchanged. The difference between buying and selling prices is at 4 million VND/tael.

World gold price

At 7:00 PM, world gold prices were listed around the threshold of 4,069.4 USD/ounce, up 21.2 USD/ounce.

Gold price forecast

World gold prices are receiving support from geopolitical tensions in the Middle East, but short-term prospects still largely depend on US economic data and the interest rate orientation of the US Federal Reserve (Fed).

Conflicting information about the possibility of the US and Iran resuming negotiations makes it impossible for the market to determine whether tensions will cool down soon or not. In the context of the risk of prolonged conflict, the demand to hold gold to hedge risks may continue to be maintained, especially when prices fall to lower areas.

However, conflicts can also push up energy prices and transportation costs, increasing concerns about inflation. If price pressures persist, the Fed may have to maintain higher interest rates for longer, and even continue to tighten monetary policy. This is a disadvantage for gold because the precious metal does not generate regular cash flow.

In the coming sessions, the market will focus on private sector jobs data, vacancy figures and the US non-farm payroll report. Weakening recruitment data may reduce interest rate hike expectations, put pressure on the USD and bond yields, thereby supporting gold prices.

Conversely, the labor market continues to be positive, especially when wages increase sharply, which may strengthen concerns about inflation and put pressure on gold prices to adjust. The tug-of-war between safe-haven demand and interest rate risk may cause gold prices to continue to fluctuate strongly around the 4,000 USD/ounce range.

Sucden Financial believes that gold prices are likely to accumulate mainly in the range of 3,950-4,300 USD/ounce by the end of September. The declines to the low zone of the forecast zone may attract buying power, while the price is assessed to have difficulty exceeding the threshold of 4,200 USD/ounce if the Fed does not shift to a more moderate stance.

Although it has decreased significantly compared to the January 2026 peak, gold prices are still rated higher than reflected by real yields and the diễn biến of the USD. This shows that the added value from safe-haven demand has not been completely eliminated, causing the risk of further corrections to still exist.

In the long term, the central bank's gold buying demand, the trend of reserve diversification, high public debt and prolonged geopolitical instability are still supporting factors. In the immediate future, the possibility of gold prices exceeding the 4.070 USD/ounce range will depend on US jobs data and market reactions to the Fed's next policy orientation.