Gold price today September 3: SJC increases shockingly, approaching the threshold of 134 million VND/tael

The price of SJC gold bars at Saigon Jewelry Company - SJC increased by 2.8 million VND per tael, buying to 131.9 million VND, selling to 133.4 million VND. Mi Hong Company increased the buying price by 2 million VND, up to 132 million VND, and the selling price increased by 2.8 million VND, up to 133.4 million VND. Phu Quy Company increased by 2.8 million VND per tael, buying to 130.9 million VND, selling to 133.4 million VND... Similarly, the price of gold rings also increased sharply by 2.6 million VND per tael, SJC Company bought to 125.1 million VND, selling to 127.7 million VND. Phu Quy Company increased each tael of gold rings by 600,000 VND, buying to 124.9 million VND, selling to 127.9 million VND...

SJC gold bar price rises to record level. PHOTO: NGOC THANG

The world gold price jumped 70 USD per ounce compared to the afternoon of September 2, to 3,543 USD/ounce, recording an all-time high as demand for safe havens increased. Central banks accumulated gold like never before. Gold has increased more than 30% this year, becoming one of the best performing key commodities.

Increased confidence in the US Federal Reserve (Fed) and growing concerns about central bank independence explain the unusual phenomenon of gold and the dollar rising together. While a stronger dollar typically puts pressure on gold prices, the prospect of lower interest rates reduces the opportunity cost of holding non-yielding assets like gold. In addition, rate cuts often signal economic uncertainty or policy easing, both of which tend to increase gold’s appeal as a safe haven.

A US federal appeals court has ruled that the majority of tariffs imposed by President Donald Trump are unlawful. The judges ruled that the sweeping global tariffs by the US exceeded the authority granted under the International Emergency Economic Powers Act of 1977 (IEEPA). /.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-392025-sjc-tang-soc-ap-sat-nguong-134-trieu-dong-luong-185250903083650068.htm

Source: https://baolongan.vn/gia-vang-hom-nay-03-9-sjc-tang-soc-ap-sat-nguong-134-trieu-dong-luong-a201833.html