Gold price today 1.9: Continue to increase strongly

Updated SJC gold price

As of 9:30 a.m., DOJI Group listed the price of SJC gold bars at 129.1-130.6 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 1.5 million VND/tael.

Bao Tin Minh Chau listed the price of SJC gold bars at 128.6-130.6 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2 million VND/tael.

Phu Quy Jewelry Group listed the price of SJC gold bars at 128.1-130.6 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2.5 million VND/tael.

9999 round gold ring price

As of 9:30 a.m., DOJI Group listed the price of gold rings at 122.5-125.5 million VND/tael (buy in - sell out). The difference between buying and selling is 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 122.8-125.8 million VND/tael (buy - sell), an increase of 400,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

Phu Quy Gold and Stone Group listed the price of gold rings at 122.5-125.5 million VND/tael (buy in - sell out), an increase of 200,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

The buying-selling gap is pushed up too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.

World gold price

At 9:30 a.m., the world gold price was listed around 3,463.9 USD/ounce, up 17.4 USD compared to a day ago.

Gold price forecast

Wall Street analysts are optimistic that a new rally could be taking shape. The key factor next week will be the US August employment report, data that can decide the roadmap for interest rate cuts by the US Federal Reserve (FED).

Darin Newsom - senior analyst at Barchart.com - affirmed: "The spot gold index is in a quiet position to set a new record high monthly closing price. That is clearly not a negative thing.

Adrian Day - Chairman of Adrian Day Asset Management - was more cautious: I predict the market will continue to fluctuate within the range seen since April. With gold prices at the peak of the range, there is a strong possibility of a retreat next week. But that is only a small, short-term adjustment. I don't think there will be any deep declines before gold really breaks out. Basically, I think gold will be almost unchanged next week.

On the more positive note, Rich Checkan - Chairman and COO of Asset Strategies International said that gold's rally has not stopped: "The market is almost certain that the Open Market Committee (FOMC) will cut interest rates at the September meeting - with up to 87% expectation for this. Therefore, I believe that gold prices will continue to increase.

According to him, although prices have surpassed the psychological threshold of 3,400 USD/ounce - which often triggers profit-taking, the increase is still maintained thanks to the context of tense politics. The war between US President Donald Trump and Fed Governor Lisa Cook will cause investors to continue to abandon the USD, looking to gold as a safe haven. And that happens as soon as investors return to the market after the summer vacation.

Mark Leibovit - founder of VR Metals/Resource Letter - emphasized that gold stocks are the most attractive investment channel at the moment: "Stock is where to focus".

Independent analyst Jesse Colombo - founder of BubbleBubble Report - went into the technical aspect. He compared gold prices to a spring that has been suppressed since the beginning of April, now flowing out: There is no special catalyst for this jump. I think the main reason is simply the end of summer, the return of transaction cash flow, especially after the upcoming US Labor Day holiday.

Colombo said gold has gone through five months of accumulation and is no longer overbought, so the current technical foundation is ready for a new uptrend.

Colombo noted that buying from Western ETFs will be an important driver in the final period of the year - unlike 2024 when the increase will be mainly due to Asian investors and central banks.