Gold price at the close of the session on September 1: Sharp decrease, falling below the 4,400 USD/ounce mark

Khương Duy |

Gold price at the close of the session on September 1: World gold prices fell sharply, losing the important psychological milestone of 4,400 USD/ounce.

SJC gold bar price

As of 6:00 AM, Phu Quy listed SJC gold bar prices at the threshold of 145-148.7 million VND/tael (buying - selling). The buying - selling difference is at 3.7 million VND/tael.

At the same time, SJC gold bar prices were listed by DOJI at the threshold of 145.7-148.7 million VND/tael (buying - selling). The buying - selling difference was at 3 million VND/tael.

SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 145.2-149.2 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.

9999 gold ring price

As of 6:00 AM, Ancarat listed the price of 9999 Tich Tai Gold Ring at 145.6-148.6 million VND/tael (buying - selling). The buying - selling difference is at 3.2 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 145.4-124.4 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: AI
Gold ring price movements in recent trading sessions. Chart: AI

DOJI Group listed the price of gold rings at the threshold of 145.2-149.2 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.

The price of gold rings is listed by Bao Tin Minh Chau at the threshold of 145.2-149.2 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.

Giá vàng miếng SJC và nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Đồ họa: AI
SJC gold bar and plain ring prices at some business units. Unit: VND/tael. Graphics: AI

Jewelry gold price

As of 6:00 AM, Ancarat listed the price of 24K 9999 Gold Jewelry at 140.6-148.6 million VND/tael (buying - selling).

DOJI listed 9999 jewelry gold at the threshold of 144.5-148.5 million VND/tael (buying - selling).

Bao Tin Minh Chau listed Thang Long 9999 Dragon Gold Jewelry at the threshold of 143.2-148.2 million VND/tael (buying - selling).

World gold price

Recorded at 6:10 PM, world gold prices were listed around the threshold of 4,380.5 USD/ounce, down 75.5 USD/ounce.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: AI
Developments in world gold prices in recent trading sessions. Chart: AI

Gold price forecast

The fact that world gold prices lost the 4,400 USD/ounce mark shows that adjustment pressure has not ended. After a period of rapid increase to the highest level for more than 3 months, increased profit-taking and changes in monetary policy expectations are causing the precious metal to enter a period of stronger fluctuations.

In the short term, the 4,400 USD/ounce mark was once considered an important psychological support zone. Prices breaking through this threshold may increase cautious sentiment, especially if bottom-fishing buying power does not appear strong enough. The market is therefore likely to continue to experience increasing and decreasing sessions with large amplitudes before establishing a new balance zone.

However, the current decrease does not mean that the long-term uptrend of gold has ended. Before the adjustment at the end of August, gold prices once increased to nearly 4,700 USD/ounce and in general in the month still recorded a significant increase. After a period of rapid upwards, profit-taking and price level re-accumulation are common developments.

Some fundamental factors are also continuing to support medium and long-term prospects. Gold holdings at ETF funds have shown signs of recovery from the low in July. From about 96.2 million ounces, gold holdings at funds increased to 98.9 million ounces, equivalent to about 2.8%. This development shows that investment capital has not completely withdrawn from the market.

In addition, the demand for gold from central banks remains high. In the first half of 2026, the amount of gold purchased reached about 345 tons. Although the purchase rate is slower than some previous periods, this is still an important source of demand in the context that many central banks continue to diversify reserves and reduce risks from currency fluctuations.

Technically, gold prices previously still maintained above the 200-day moving average with the upward trend of this average. This is a signal that the long-term upward structure has not been completely broken.

In the coming sessions, the possibility of regaining the 4,400 USD/ounce mark will be a noteworthy sign. If it recovers quickly above this zone, buying power may return and help prices stabilize more. Conversely, if it continues to be maintained below 4,400 USD/ounce, selling pressure may continue and the market needs more time to find a new balanced zone.

Gold price data is compared to the previous day.

The information in the article only reflects market developments, not investment recommendations.

See more news related to gold prices HERE...

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