Gold price today 4.9: Continuously breaking the peak

Updated SJC gold price

As of 10:30, the price of SJC gold bars was listed by DOJI Group at 132.4-133.9 million VND/tael (buy in - sell out), an increase of 500,000 VND/tael in both directions. 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 132.4-133.9 million VND/tael (buy - sell), an increase of 1 million VND/tael for buying and an increase of 500,000 VND/tael for selling. The difference between buying and selling prices is at 1.5 million VND/tael.

Phu Quy Gold and Stone Group listed the price of SJC gold bars at 131.5-133.9 million VND/tael (buy in - sell out), an increase of 500,000 VND/tael in both directions. The difference between buying and selling prices is at 2.4 million VND/tael.

9999 round gold ring price

As of 10:30, DOJI Group listed the price of gold rings at 126.3-129.3 million VND/tael (buy - sell), an increase of 500,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 126.5-129.5 million VND/tael (buy - sell), an increase of 800,000 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 126.1-129.1 million VND/tael (buy in - sell out), an increase of 900,000 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 3,542.9 USD/ounce, up 13.6 USD compared to a day ago.

Gold price forecast

Gold prices are rising but are facing resistance due to profit-taking.

Since the beginning of 2025, gold has increased in price by nearly 35%, becoming the number one safe-haven asset in the context of persistent inflation, geopolitical instability and the risk of global economic recession.

According to Deutsche Bank, this shocking increase is associated with expectations that the US Federal Reserve (FED) will cut interest rates at the meeting on September 16-17. The CME FedWatch tool shows a nearly 90% chance of the Fed cutting interest rates this month, and the market is forecasting at least three more cuts before the end of 2025.

In addition to prolonged inflation, one reason for the sharp increase in gold prices is political pressure from US President Donald Trump. He has repeatedly criticized FED Chairman Jerome Powell and even fired FED officials, raising concerns about the independence of the US central bank.

Krishan Gopaul, a senior expert at the World Gold Council, commented: "When there are signs of doubt about the independence of the Fed and the strength of the USD, gold becomes a safer haven for investors."

However, trade tensions caused by President Donald Trump's new tariffs have also added to market uncertainty, triggering the flow of money into gold.

Gold ETFs are attracting record capital, while central banks in many countries have also increased their reserves sharply. Notably, for the first time since 1996, the amount of gold held by central banks has exceeded US government bonds.

Nick Lawson, CEO of Ocean Wall Bank ( London), called this a "big head-to-head convergence" when gold is simultaneously bought strongly by pension funds, insurance companies, national investment funds and central banks.

Not only the West, China and India have also emerged as two giant gold buyers, contributing to maintaining the uptrend.

In the latest report, UBS predicts that gold prices could completely approach $3,700/ounce by mid-2026, or even $4,000/ounce if the global economic and geopolitical situation becomes more tense.

Meanwhile, Supriya Menon, a multi-asset strategist at Wellington Management, affirmed: The factors supporting gold are now structural, from geopolitical instability, doubts about the Fed, to the wave of central bank gold purchases. Historical peaks are not a barrier to further growth".