Gold price today September 6: Accelerating to new peak

(NLDO) – Gold prices today (September 6) increased to a new record when the US August employment report was released and the USD depreciated.

Gold price today sets new record

As of early September 6 (Vietnam time), the spot gold price on the international market closed the weekend at 3,587 USD/ounce, up 42 USD compared to the lowest level in last night's trading session (3,545 USD/ounce).

Gold prices for December delivery also recorded an impressive increase, reaching 3,641 USD/ounce, up 40 USD/ounce. This is the highest level ever, reflecting the insecurity of US investors in the face of macroeconomic signals.

The US Department of Labor's August jobs report showed non -farm payrolls rose by just 22,000, far below market expectations of 75,000. The unemployment rate held at 4.3%, as expected. This data was seen by investors as a signal to reinforce the view that the US Federal Reserve (Fed) could soon implement interest rate cuts.

On the other hand, the USD fell sharply, hitting its lowest level in the past 5 weeks, creating favorable conditions for gold prices to increase.

Elsewhere, trade tensions between Canada and the United States continued to draw attention. The two countries agreed to hold sectoral tariff talks to reach consensus amid the US threat to impose tariffs on items such as steel, aluminum, cars and lumber.

Meanwhile, US President Donald Trump signed an executive order to implement a trade agreement with Japan, imposing a maximum 15% tariff on most products imported from Japan. This news boosted the positive sentiment of gold investors.

The world gold price today continues to be supported by macroeconomic factors, including weaker-than-expected employment data in the US and the weakening of the USD. In the context of volatile global financial markets, gold remains a safe haven preferred by investors.

In Vietnam, at the end of September 5, SJC gold was sold at 134.4 million VND/tael, while ring gold was at 129.2 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-6-9-tang-toc-len-dinh-cao-moi-196250906061501121.htm