Gold price closing session September 5th: Gold bars and gold rings simultaneously decrease

SJC gold bar price

As of 6:00 PM, Phu Quy listed SJC gold bar prices at the threshold of 144.6-147.6 million VND/tael (buying - selling), down 1 million 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 144.6-147.6 million VND/tael (buying - selling), down 1 million 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 145.8-149.8 million VND/tael (buying - selling), down 700,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

9999 gold ring price

Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 144.6-147.9 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The buying - selling difference is at 3.3 million VND/tael.

DOJI Group listed the price of gold rings at 146-150 million VND/tael (buying - selling), down 500,000 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 145.8-149.8 million VND/tael (buying - selling), down 700,000 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), unchanged in both buying and selling directions.

Bao Tin Minh Chau listed Thang Long 9999 Dragon Gold Jewelry at the threshold of 143.8-144.8 million VND/tael (buying - selling), down 700,000 VND/tael in both buying and selling directions.

World gold price

Recorded at 7:50 PM, world gold prices were listed around 4,429.1 USD/ounce, down 36.8 USD.

Gold price forecast

After a strong fluctuation in the past week, market sentiment currently does not have a clear consensus on the next trend of precious metals.

A part of investors expect gold prices to recover thanks to safe-haven demand and the possibility of the US Federal Reserve (Fed) adjusting monetary policy towards greater easing. However, another group believes that the strengthening USD and the maintenance of high US bond yields are still factors putting pressure on gold prices.

In the past trading week, gold prices have experienced many reversal sessions. The precious metal once suffered strong downward pressure after US jobs data showed that the labor market still maintained its strength, thereby reducing expectations of the Fed's ability to cut interest rates soon. The USD and bond yields rebounded, making gold, which is an unprofitable asset, less attractive.

However, defensive buying power still appears as gold prices fall back to important support zones. Concerns about inflation, geopolitical instability and fluctuations in the energy market continue to create momentum for long-term gold holding demand.

In the coming week, the market will focus on a series of important US economic data, especially the producer price index (PPI), the consumer price index (CPI) in August and information related to monetary policy prospects. These are considered factors likely to directly impact interest rate expectations and the direction of the USD.

If inflation figures show that price pressure continues to cool down, expectations of the Fed reducing interest rates may increase, creating more momentum to support gold. Conversely, signals indicating persistent inflation may cause interest rates to remain high longer, putting pressure on the precious metal.

Besides economic factors, geopolitical and energy market developments will also continue to be monitored. In the context of many intertwined impacting factors, gold prices are forecast to maintain a strong volatile state in the short term.

Investors need to carefully monitor new data, avoid chasing buying psychology when prices increase rapidly or use leverage during a period of large market fluctuations.