Gold price update on the morning of September 9: Experts predict a record level

Phan Anh (Theo Kitco) |

Gold price update on the morning of September 9: Experts predict that gold prices may soon set a record. World gold maintained its upward momentum, while the USD weakened to support the market.

Updated SJC gold price

As of 6:00 a.m., DOJI Group listed the price of SJC gold bars at 90.9-92.9 million VND/tael (buy - sell), down 200,000 VND/tael for both buying and selling. The difference between the buying and selling prices of SJC gold was listed by Saigon Jewelry Company at VND2 million/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 90.9-92.9 million VND/tael (buy - sell), down 200,000 VND/tael for both buying and selling. The difference between the buying and selling prices of SJC gold was listed by DOJI at 2 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 90.9-92.9 million VND/tael (buy - sell), down 200,000 VND/tael for both buying and selling.

The difference between the buying and selling prices of SJC gold was listed by Bao Tin Minh Chau at 2 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 VND91.6-93.2 million/tael (buy in - sell out); down VND200,000/tael for both buying and selling. The difference between buying and selling is listed at 1.6 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 91.7-93.3 million VND/tael (buy - sell); down 300,000 VND/tael for buying and down 200,000 VND/tael for selling. The difference between buying and selling is 1.6 million VND/tael.

Recent trading sessions of plain gold rings have often fluctuated in the same direction as the world. In the context of the world market recording a strong increase, the domestic gold ring price this morning may increase.

World gold price

As of 6:00 a.m. on March 9, the world gold price listed on Kitco was at 2,909.5 USD/ounce, up 1.4 USD/ounce.

Dien bien gia vang the gioi nhung phien giao dich gan day. Nguon: Kitco
World gold price developments in recent trading sessions. Source: Kitco

Gold price forecast

World gold prices remained at a high level in the context of the USD going down. Recorded at 6:00 a.m. on March 9, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 103.810 points (down 0.21%).

This week, market sentiment has changed significantly compared to last week, especially from the group of Wall Street experts. In the previous survey, only 21% of experts predicted gold prices would increase, while up to 64% thought prices would decrease.

However, this week, the experts' expectation of gold increasing has skyrocketed to 67%, while only 5% predicted a decrease - a significant change reflecting the reversal in analysts' assessment.

The group of individual investors (Main Street) also recorded a clear change. The proportion of investors who predict gold prices to increase has increased from 45% to 67%, while those who expect prices to decrease from 28% to 18%.

Notably, the number of participants this week's survey reached 251 - the highest in 2025, showing greater investor interest in the gold market.

Jim Wyckoff - senior analyst at Kitco, affirmed that gold prices will continue to maintain an upward trend thanks to increased geopolitical instability. "The gold price trend is still steadily increasing, thanks to positive technical indicators and increasing geopolitical instability, especially the impact of the US presidential administration Donald Trump".

Adrian Day - chairman of Adrian Day Asset Management commented: "Gold prices will increase. It seems that the correction I predicted is over. Gold's resilience to any decline since the election is really impressive. The reasons why people are buying gold are still intact, and we expect a new rally to hit an all-time high very soon."

According to Chantelle Schieven - Head of Research at Capitalight Research, central banks' demand for gold will continue to support gold prices, with prices forecast to reach $3,200/ounce.

She said geopolitical uncertainties due to President Donald Trump's inconsistent trade policies will force many central banks to seek to reduce their dependence on the USD.

Economic calendar affecting gold prices next week

Next week, inflation will be the focus as the market receives many important data on prices and spending from US consumers. Most notably is the February CPI report on Wednesday, followed by the PPI on Thursday, and the University of Michigan consumer confidence survey on Friday.

Other major events include the US JOLTS employment report on Tuesday, the interest rate decision of the Bank of Canada on Wednesday morning and the US weekly unemployment report on Thursday.

See more news related to gold prices HERE...

Phan Anh (Theo Kitco)
TIN LIÊN QUAN

Updated gold price at the end of session 8.3: Experts put their trust

|

Updated gold price at the end of the session on March 8: After a week of many fluctuations, gold prices are receiving optimistic forecasts from experts.

Gold prices soar, Poland buys more than China

|

Gold prices increased as central banks increased their purchases. Experts predict prices could reach $3,200/ounce.

Gold price today 8.3: High neo, receives optimistic forecast

|

Gold price today 8.3: Gold price this week is forecast by Wall Street experts and individual investors to continue to increase strongly, with a high support rate.

Russian military expands attacks in Kursk, Ukraine gradually loses position

|

Russian troops continue to attack and retake control of many places in Kursk while Ukrainian forces are in a difficult state.

Ancient ban flower forest blooms like a painting in Dien Bien

|

An ancient ban flower forest in Dien Bien is blooming in white mountains and forests, creating a beautiful scene as seen from fairy tales.

Special policewoman shows showing a knife around the neck of a car

|

One of many special performances organized by the Ministry of Public Security on the afternoon of March 9 was "attaching a spear to the neck of a car trailer" performed by a female police officer on duty.

Close-up of the 40-year-old apartment complex, degraded in the heart of Hoa Binh City

|

The shabby apartment complex is located in Group 13, Tan Thinh Ward, Hoa Binh City.

Gold prices increase but buyers only make a profit of 600,000 VND

|

Gold prices last week recorded a strong increase, however, the profits of domestic gold buyers were quite modest.

Updated gold price at the end of session 8.3: Experts put their trust

Phan Anh (Theo Kitco) |

Updated gold price at the end of the session on March 8: After a week of many fluctuations, gold prices are receiving optimistic forecasts from experts.

Gold prices soar, Poland buys more than China

Phan Anh (Theo Kitco) |

Gold prices increased as central banks increased their purchases. Experts predict prices could reach $3,200/ounce.

Gold price today 8.3: High neo, receives optimistic forecast

Phan Anh (Theo Kitco) |

Gold price today 8.3: Gold price this week is forecast by Wall Street experts and individual investors to continue to increase strongly, with a high support rate.