Gold price update on the morning of September 2: There is a risk of plummeting

Phan Anh (Theo Kitco) |

Gold price update on the morning of April 2: World gold fell sharply, the domestic market was at risk of falling as of the opening of today's trading session.

Updated SJC gold price

As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND99.4-102.1 million/tael (buy - sell), down VND100,000/tael for buying and up VND300,000/tael for selling. The difference between buying and selling prices is at 2.7 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 99.4-102.1 million VND/tael (buy - sell), down 100,000 VND/tael for buying and up 300,000 VND/tael for selling. The difference between buying and selling prices is at 2.7 million VND/tael.

Dien bien gia vang SJC nhung phien gan day. Bieu do: Phan Anh
SJC gold price movements in recent sessions. Chart: Phan Anh

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 99.4-102.1 million VND/tael (buy - sell), down 100,000 VND/tael for buying and up 300,000 VND/tael for selling. The difference between buying and selling prices is at 2.7 million VND/tael.

9999 round gold ring price

As of 6:00 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 99.6-102.1 million VND/tael (buy - sell); increased by 400,000 VND/tael for both buying and selling. The difference between buying and selling is listed at 2.5 million VND/tael.

Dien bien gia vang nhan nhung phien gan day. Bieu do: Phan Anh
Gold ring price developments in recent sessions. Chart: Phan Anh

Bao Tin Minh Chau listed the price of gold rings at 99.8-102.3 million VND/tael (buy - sell); increased by 200,000 VND/tael for buying and increased by 400,000 VND/tael for selling. The difference between buying and selling is 2.5 million VND/tael.

World gold price

As of 11:45 p.m. on April 1, the world gold price was listed at 3,106.4 USD/ounce.

Dien bien gia vang the gioi nhung phien giao dich gan day. Bieu do: Phan Anh
World gold price developments in recent trading sessions. Chart: Phan Anh

Gold price forecast

World gold prices turned down sharply due to profit-taking pressure from short-term futures traders. This comes after the precious metal set a new historical peak.

The recovery of US stock indexes also puts negative pressure on the precious metals market. Recorded at the end of the session, gold prices in June fell by 19.2 USD, to 3,131.1 USD/ounce. silver prices in May also fell by $0.426 to $24.18 an ounce.

US stocks rebounded amid the worst quarterly technical correction trend since 2022 from S&P and Nasdaq. However, risk sentiment remains high as the market is about to enter the time when the US will start imposing new tariffs on trading partners, expected on Wednesday.

David Morrison - an expert from Trade Nation commented: "Normally after a not-so-good first quarter of the year, investors will expect brighter opportunities in the coming time. But that is not the case at the moment. The word that people repeat when talking about the current market is: uncertainty.

The main reason is Donald Trump's tax policy. The US president has said he will impose a "ative" tax on all US trading partners, along with a 25% tax on imported cars from tomorrow. The problem is that there are currently too many conflicting statements about the impact of this policy, making it impossible for the market to predict the outcome.

Technically, with gold price delivered in June, the buyer is gaining significant advantages in the short term. The next goal of the buyer is to close the strong resistance at 3,200 USD/ounce, while the seller aims to pull the price down below the stable support area at 3,031 USD/ounce. The immediate resistance threshold is the peak in the session of $ 3,177/ounce, then US $ 3,200/ounce.

The most recent support level was the weekly low at $3,112.40/ounce, followed by $3,100/ounce.

In the international market, WTI crude oil prices traded on Nymex were almost flat, around 71.50 USD/barrel. The yield on the 10-year US Treasury note is currently at 4.16%.

See more news related to gold prices HERE...

Phan Anh (Theo Kitco)
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Gold price skyrockets, surprising profit after a year of buying

Phan Anh |

The sharp increase in gold prices has brought impressive profits to investors. After a year of paying, buyers can make a profit of up to 28.8 million VND/tael.

World gold price explodes, towards 3,100 USD/ounce

Phan Anh (Theo Kitco, Bloomberg) |

World gold prices continuously set records in the first quarter of 2025. Economic factors and capital flows from investment funds continue to strengthen the upward trend of this precious metal.

Gold price breaks out, silver price receives surprising forecast from experts

Phan Anh (Theo Kitco) |

Many silver investors are watching the gold price increase with jealousy. Many people wonder when silver will catch up with the increase of gold.