Gold price on September 8, 2025: World gold price reversed and decreased slightly

Domestic gold price

Gold price on September 6, 2025: World gold price and SJC set new records Illustration photo. Photo: Internet

After many consecutive sessions setting new peaks, today's gold bar price is stable in both buying and selling compared to early yesterday morning.

The brands SJC, DOJI , PNJ and Bao Tin Minh Chau all listed gold bars at 133.9 - 135.4 million VND/tael (buy - sell), unchanged in both directions.

Phu Quy SJC also kept the price of gold bars at 132.9 - 135.4 million VND/tael (buy - sell), unchanged from early this morning.

Similarly, gold ring price this morning is also stable, no different from yesterday.

Specifically, SJC listed gold rings at 127.7 - 130.2 million VND/tael (buy - sell), unchanged from the previous session.

DOJI and PNJ also moved sideways, with current trading prices at 127.7 - 130.7 million VND/tael (buy - sell).

Bao Tin Minh Chau maintains the level of 127.8 - 130.8 million VND/tael (buy - sell), no fluctuations.

Phu Quy also listed gold rings at 127.5 - 130.5 million VND/tael (buy - sell), stable in both directions.

World gold price

The world gold price is currently down 0.65 USD/ounce compared to the closing session last weekend, down to 3,595.6 USD/ounce - equivalent to about 115 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees. Thus, domestic gold bars are about 20.4 million VND/tael higher than the world price.

Support from technical factors, fundamentals and economic data helped gold have its strongest week in many years, breaking many resistance levels to set new historical peaks.

Last week, the world gold price increased by more than 4% - the strongest increase in many years, after the US announced the employment report. The market is now focusing on the Fed's interest rate policy direction in the coming time.

Colin Cieszynski, chief strategist at SIA Wealth Management, said that weak US labor data could force the Fed to cut interest rates at its next meeting, with a forecast reduction of up to 0.5 percentage point. This has weakened Treasury yields and the US dollar, creating conditions for gold prices to continue to rise.

Adrian Day, president of Adrian Day Asset Management, said the recent rally in gold reflects expectations of interest rate cuts, but he warned that the market could correct if Fed Chairman Jerome Powell signals a hawkish tone or if inflation unexpectedly picks up. However, he believes gold will continue its upward trend thanks to inflation, a weak labor market, rising debt and declining confidence in the financial system.

Marc Chandler, director of Bannockburn Global Forex, noted that as gold prices approach $3,600 an ounce, the risk of volatility increases. He said this week's US consumer price index (CPI) will be the deciding factor, as the market has overpriced the possibility of Fed easing.

The latest Kitco News survey shows widespread optimism, as 78% of 18 Wall Street professionals and 73% of 219 investors surveyed believe gold will continue to rise in price this week.

Cao Thong

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-8-9-2025-vang-the-gioi-dao-chieu-giam-nhe/20250908075608873