Gold price today September 2: World price soars to record high

World gold prices soared to a record high of 3,500 USD/ounce. Domestic precious metals increased slightly on National Day, September 2.

On the morning of September 2, Mi Hong Jewelry Company increased the buying price of SJC gold bars by 200,000 VND per tael, to 129.8 million VND, and kept the selling price unchanged at 130.6 million VND. On the free market, the price of SJC gold bars was listed at 132 - 135 million VND/tael. Meanwhile, the price of gold rings increased slightly by 100,000 VND per tael, Phu Quy Company bought for 122.9 million VND, sold for 125.9 million VND; Bao Tin Minh Chau Company bought for 122.8 million VND, sold for 125.8 million VND...

Gold bar buying price increased. PHOTO: NGOC THANG

World gold prices increased by 24 USD, reaching a record high of 3,500 USD/ounce. Precious metals are being boosted by technical buying power, a wave of sell-offs on US stock indexes. At the end of August, the world's largest gold investment fund SPDR bought a large volume of 9.74 tons of gold, bringing the total amount of gold purchased in 5 consecutive days to 20.91 tons, up to 977.68 tons of gold.

Investors are looking ahead to the US Federal Reserve's monetary policy meeting in mid-September. The CME FedWatch Tool shows that the probability of the Fed cutting interest rates by another 25 basis points at the meeting later this month has increased to 87%. Investors and analysts are betting heavily on a move to loosen monetary policy to support the economy . According to newly released data, US consumer spending increased in July. The personal consumption expenditure (PCE) price index - the Fed's preferred inflation measure - increased 0.2% compared to the previous month and 2.6% compared to the same period last year, completely matching market expectations./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-292025-the-gioi-tang-vot-len-muc-ky-luc-185250902084804195.htm

Source: https://baolongan.vn/gia-vang-hom-nay-02-9-the-gioi-tang-vot-len-muc-ky-luc-a201777.html