Gold price today September 6: Breaking the old record again, setting a new peak of 135.4 million

World and domestic gold prices continue to skyrocket and simultaneously set new records.

On the morning of September 6th, the price of gold bars at Saigon Jewelry Company (SJC) surged by 1 million VND, reaching 133.9 million VND/ounce for buying and 135.4 million VND/ounce for selling. Gold bars broke all previous records to reach a new historical peak.

Similarly, 9999 gold rings at SJC increased by 1 million VND, bringing the buying price to 127.7 million VND and the selling price to 130.2 million VND. This is also a new record high for gold rings at SJC.

Gold prices on the morning of September 6th continued to set a new record at 135.4 million VND/ounce. PHOTO: DAO NGOC THACH

World gold prices surged to a new record high of $3,585.3, an increase of over $33 in a single day. Converted using the Vietcombank exchange rate, the world gold price is equivalent to approximately 114.5 million VND per tael (excluding taxes and fees). Currently, SJC gold bars maintain a price nearly 21 million VND higher than the world price per tael.

Precious metals surged after reports showed a weak US labor market. Specifically, the September 5th report from the US Bureau of Labor Statistics painted a bleak picture of employment. Data showed a sharp decline in US job growth in August, adding only 22,000 jobs. This was significantly lower than the 75,000 jobs expected by economists surveyed by Dow Jones. The unemployment rate rose to 4.3%, as predicted. Furthermore, the June figures were revised down by 13,000 jobs, while July, although slightly revised up by 6,000, remained at a low 79,000 jobs. These figures further reinforced predictions that the Federal Reserve (Fed) would cut interest rates at its upcoming meeting. The market is almost certain the Fed will cut interest rates by 0.25%, with even a 12% chance of a 0.5% reduction.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-692025-lai-xo-do-ky-luc-cu-xac-lap-dinh-moi-1354-trieu-185250906081048387.htm

Source: https://baolongan.vn/gia-vang-hom-nay-06-9-lai-xo-do-ky-luc-cu-xac-lap-dinh-moi-135-4-trieu-a202015.html