Gold price closing session 6/9: Unchanged, waiting to consider pressure factors next week

SJC gold bar price

As of 6:00 PM, brands are currently listing SJC gold bar prices at the threshold of 144.6-147.6 million VND/tael (buying - selling), unchanged in both buying and selling directions. The buying - selling difference is at 3 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), keeping the price range unchanged 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). 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). The buying - selling difference is at 4 million VND/tael.

World gold price

Recorded at 6:00 PM, world gold prices were listed around 4,429.1 USD/ounce, down 0.96% (equivalent to 43.1 USD).

Assessments and forecasts

According to the World Gold Council's (WGC) 2026 Central Bank Gold Reserve Survey, central banks have purchased an average of about 1,000 tons of gold per year in the past 4 years, double the average rate of the previous decade.

Up to 45% of central banks participating in the survey, a record high, said they expect to increase gold reserves in the next 12 months, while 89% predicted that the total amount of gold held by central banks worldwide would continue to increase.

Looking further, 84% believe that gold will account for a larger proportion of total global reserves in the next 5 years, while 74% predict that the proportion of the USD will decrease.

However, gold does not need to replace the USD. This lies in the fact that central banks are increasingly considering gold as a strategic monetary asset, held in parallel with traditional USD reserves.

In addition, the August jobs report has caused the market to shift from the expectation that the Fed would temporarily stop raising interest rates according to Fed Governor Christopher Waller's view on Thursday to Kevin Warsh's view, according to which inflation is still the risk dominating monetary policy.

The precious metals market is likely to be under pressure if next week's inflation data continues to strengthen expectations of the Fed raising interest rates. Conversely, if PPI and CPI are lower than expected, Mr. Waller's argument in favor of the Fed temporarily stopping interest rate hikes will have more basis.

Technically, the next price increase target of spot gold buyers is to bring prices back to the resistance level of 4,489.87 USD/ounce. If the upward momentum is maintained, the next targets are 4,534.09 USD/ounce and 4,538.77 USD/ounce.

In the opposite direction, the nearest price reduction target of the selling side is to break the threshold of 4,319.50 USD/ounce, then head towards 4,239.55 USD/ounce and 4,230.51 USD/ounce.