Gold price today 5.9: Domestic gold price decreases by 500,000 VND to 1.5 million VND/tael

Linh Đan |

Gold price today 5.9: Market reverses to decrease after the US jobs report is released.

9999 gold ring price

As of 9:00 AM, Ancarat listed the price of 9999 Tich Tai Gold Ring at 145.2-148.2 million VND/tael (buying - selling), down 1.2 million VND/tael on both buying and selling sides. The buying - selling difference is at 3 million VND/tael.

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 1.2 million VND/tael in both buying and selling directions. The buying - selling difference is at 3.3 million VND/tael.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: AI
Gold ring price movements in recent trading sessions. Chart: AI

DOJI Group listed the price of gold rings at the threshold of 145.5-149.5 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 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.

Giá vàng miếng SJC và nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Đồ họa: AI
SJC gold bar and plain ring prices at some business units. Unit: VND/tael. Graphics: AI

SJC gold bar price

As of 9:00 AM, Phu Quy listed SJC gold bar prices at the threshold of 144.6-147.6 million VND/tael (buying - selling), down 1.2 million VND/tael on the buying side and down 1.5 million VND/tael on the selling side. 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 1.5 million VND/tael in both buying and selling directions. The buying - selling difference was at 3 million VND/tael.

SJC gold bar price is listed by Bao Tin Minh Chau 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.

World gold price

At 9:20 am, world gold prices were listed around the threshold of 4,429.1 USD/ounce, down 47.4 USD compared to the previous day.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: AI
Developments in world gold prices in recent trading sessions. Chart: AI

Gold price forecast

World gold prices are under adjustment pressure in the last session of the week after the US jobs report was released with more positive signals than expected.

This data increases the possibility that the US Federal Reserve (Fed) will continue to maintain a tough monetary policy stance, causing US bond yields to rise, the USD to strengthen and reducing the attractiveness of precious metals.

The August jobs report showed that the US economy created an additional 162,000 jobs, higher than market forecasts. The unemployment rate remained at 4.1%, while the employment data for previous months was also adjusted upwards. After this information, the yield of US Treasury bonds with a 2-year term increased to the highest level since the beginning of 2025, while the yield of 10-year bonds remained around 4.7%.

The above developments have increased expectations about the possibility of the Fed raising interest rates in the mid-September meeting. Previously, the market had leaned more towards the possibility that the Fed might temporarily stop tightening monetary policy. However, the latest jobs data shows that inflationary pressure is still a factor that forces this agency to consider carefully.

After falling sharply from near 4,490 USD/ounce to around 4,365 USD/ounce in the session, gold prices partially recovered and maintained above the 4,400 USD/ounce threshold. Analysts believe that the precious metal is facing a period of struggling as it is subject to mixed impacts from monetary policy and global risk factors.

In the short term, US inflation data, including the producer price index (PPI) and the consumer price index (CPI) announced next week, will play an important role in shaping the Fed's interest rate expectations. If the data shows that inflation continues to cool down, gold may receive support again thanks to the prospect of monetary policy easing. Conversely, if inflation is higher than expected, downward pressure on gold prices may increase.

Technically, the 4,490 USD/ounce zone is being considered an important resistance level. If it crosses this zone, gold prices may aim for higher targets around 4,530 USD/ounce. In the opposite direction, the 4,320 USD/ounce zone is a noteworthy support area. If it loses this threshold, the precious metal is at risk of continuing to retreat to the 4,230 USD/ounce zone.

Gold price data is compared to the previous day.

The information in the article is for reference only, reflecting market developments at the time of recording and not an investment recommendation. Investors need to carefully consider their financial capacity, personal goals and related risks before making a decision to buy or sell gold.

See more news related to gold prices HERE...

Linh Đan
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