Gold price on September 4: Gold rings and gold bars continuously break the peak

In today's trading session, gold price Gold bars and rings of domestic brands all increased sharply, setting the highest price in history. World gold prices reversed and decreased after climbing to a record high in the previous session.

Specifically, at 10:30 a.m. on September 4, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 132.4-133.9 million VND/tael, an increase of 500,000 VND per tael for both buying and selling compared to the previous session. The buying and selling difference was 1.5 million VND.

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 10:30 a.m. on September 4.

The price of SJC 9999 gold ring is 126.2 million VND/tael for buying and 128.7 million VND/tael for selling, an increase of 700 thousand VND/tael in both directions (buying-selling).

Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 132.4 million VND/tael and sold at 133.9 million VND/tael, an increase of 500 thousand VND per tael in both buying and selling prices compared to the previous session.

This brand lists prices gold ring Doji Hung Thinh Vuong 9999 is at 126.3-129.3 million VND/tael (buy-sell), up 500 thousand VND/tael in both directions compared to yesterday.

PNJ Gold listed buying price at 126.3 million VND/tael and selling price at 129.3 million VND/tael, an increase of 500 thousand VND per tael in both buying and selling price compared to the previous session.

As of 10:30 a.m. on September 4 (Vietnam time), the world gold price slightly decreased by 2.9 USD/ounce compared to the previous session's close to 3,528.8 USD/ounce.

World gold price chart on September 4. (Photo: kitco.com)

World gold prices cooled down today as investors aggressively took profits after the precious metal climbed to a record high in the previous session.

However, experts say that gold is still in an uptrend due to expectations that the US Federal Reserve (FED) will cut interest rates this month, thereby boosting safe-haven demand for gold.

Traders are now betting on a 97% chance the Fed will cut interest rates by 25 basis points at its September 17 policy meeting, up from 92% before the new data, according to CME Group's FedWatch tool.

Today, the USD-Index is at 98.23 points; the yield on 10-year US Treasury bonds is currently at 4.218%; US stocks are up; world oil prices are trading around 67.17 USD/barrel for Brent oil and 63.53 USD/barrel for WTI oil.

Source: https://baoquangninh.vn/gia-vang-ngay-4-9-vang-nhan-vang-mieng-lien-tuc-pha-dinh-3374425.html