Gold price at the closing session on September 8th: Continuing to struggle, still facing pressure

SJC gold bar price

As of 6:15 PM, Phu Quy and DOJI listed SJC gold bar prices at 143.6-146.6 million VND/tael (buying - selling), an increase of 100,000 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 Bao Tin Minh Chau at the threshold of 144.9-148.9 million VND/tael (buying - selling), an increase of 1.4 million VND/tael in both directions. The buying - selling difference was 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 143.6-146.9 million VND/tael (buying - selling), simultaneously increasing by 100,000 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 145-149 million VND/tael (buying - selling), unchanged 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 144.9-148.9 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

Jewelry gold price

Phu Quy listed the price of 9999 jewelry gold at the threshold of 140.9-145.9 million VND/tael (buying - selling).

DOJI listed 9999 jewelry gold at the threshold of 143-147 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions compared to this morning's trading session.

Bao Tin Minh Chau listed Thang Long 9999 Dragon Gold Jewelry at 142.9-147.9 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions.

World gold price

Recorded at 6:15 PM, world gold prices were listed around the threshold of 4, 398.5 USD/ounce, down 8.6 USD.

Gold price forecast

World gold prices are entering a period of fluctuation as the market is waiting for more important economic data from the US, especially inflation-related indicators. After falling below the 4,400 USD/ounce mark, the precious metal is under pressure from changes in expectations about the interest rate policy of the US Federal Reserve (Fed).

In the near future, the diễn biến of gold prices is likely to depend heavily on the latest inflation data. If the consumer price index (CPI) and the producer price index (PPI) show that price pressure is cooling down, the market may increase expectations that the Fed will soon adjust monetary policy towards easing. At that time, the USD and bond yields may weaken, creating conditions to support gold prices.

Conversely, if inflation remains at a higher than expected level, the possibility of the Fed being more cautious in reducing interest rates may put pressure on the precious metal. In a high-interest rate environment, gold is often less attractive because it does not generate cash flow, while other profitable investment channels have an advantage.

Besides the interest rate factor, the gold market still receives support from safe-haven demand. Concerns related to geopolitical tensions, global economic risks and volatility in the energy market continue to push cash flow to defensive assets.

Capital inflows into gold investment funds are also a noteworthy factor. In August, gold prices increased sharply along with the increase in cash flow into global gold ETF funds, showing the return of investor interest in many regions. However, this trend is just one of many factors affecting gold prices, besides monetary policy, USD exchange rate and economic prospects.

In the short term, gold prices may continue to fluctuate widely as investors wait for clearer signals from the US economy. Maintaining high prices will depend on the ability to balance between safe-haven demand and pressure from interest rate policies.