Gold price at the close of the session on September 4th: Gold rings increase by up to 1 million VND/tael

SJC gold bar price

As of 6:00 PM, Phu Quy listed SJC gold bar prices at 145.6-148.6 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.

At the same time, SJC gold bar prices were listed by DOJI at the threshold of 145.6-148.6 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions. The buying - selling difference was at 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 146.5-150.5 million VND/tael (buying - selling), an increase of 900,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

9999 gold ring price

Phu Quy Jewelry Group listed the price of gold rings at the threshold of 145.6-148.9 million VND/tael (buying - selling), an increase of 200,000 VND/tael on the buying side and an increase of 500,000 VND/tael on the selling side. The buying - selling difference is at 3.3 million VND/tael.

DOJI Group listed the price of gold rings at the threshold of 146.5-150.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. 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 146.5-150.5 million VND/tael (buying - selling), an increase of 900,000 VND/tael in both buying and selling directions. The difference between buying and selling is at 4 million VND/tael.

Jewelry gold price

DOJI listed 9999 jewelry gold at the threshold of 144.5-148.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions.

Bao Tin Minh Chau listed Thang Long 9999 Dragon Gold Jewelry at the threshold of 144.5-149.5 million VND/tael (buying - selling), an increase of 900,000 VND/tael in both buying and selling directions.

World gold price

Recorded at 6:20 PM, world gold prices were listed around the threshold of 4, 465.9 USD/ounce, up 23.6 USD.

Gold price forecast

World gold prices are maintaining a recovery momentum after a sharp correction at the end of August. The precious metals market is being supported as expectations for the interest rate policy of the US Federal Reserve (Fed) show signs of change, in the context of some signals showing that inflationary pressure may cool down.

Recent statements from Fed officials have eased investors' concerns about the possibility of interest rates continuing to rise in the September meeting. As high interest rate expectations fall, the USD and bond yields may be under pressure, thereby creating favorable conditions to support gold - an asset that does not generate fixed cash flow.

However, the next trend of gold prices still largely depends on the upcoming US economic data, especially the August non-farm payroll report. This is considered one of the important indicators for the Fed to assess the health of the economy and monetary policy orientation in the coming time. If the labor market continues to show signs of weakening, the possibility of the Fed maintaining a more cautious monetary policy may increase, thereby supporting gold prices.

Besides the interest rate factor, physical gold buying demand in major markets is also showing signs of improvement as precious metal prices adjust to lower levels. Buying power from individual investors and cash flow into gold products are still factors helping to limit the deep decline of the market.

Some forecasts in the international market still maintain a positive view on gold in the medium and long term, suggesting that the precious metal may continue to benefit from safe-haven demand, global economic instability and the trend of diversifying central bank reserves.

However, in the short term, gold prices may continue to experience strong fluctuations as investors react to each piece of information about interest rates, jobs and inflation. After a deep decline and then a rapid recovery, the market is in the stage of seeking a new balance zone.