Gold price today 11/9/2025 is anchored at a high level, waiting for a new signal to break out

Gold price today, November 9, 2025, is stable around the 4,000 USD/ounce mark. SJC gold bar price only increased by 300 thousand VND/tael during the week.

Domestic gold price

At the opening session of the week on November 3, the price of SJC gold bars was at 146.1-148.1 million VND/tael (buy - sell), down 300 thousand VND/tael compared to the closing session at the end of last week. By the end of the session, the market reversed and increased sharply. The price of SJC gold bars increased by 600 thousand VND/tael, closing at 147-149 million VND/tael. SJC gold rings increased by 300 thousand VND/tael, while Doji gold rings increased by 200 thousand VND/tael compared to the end of last week.

Then, the price increased sharply on November 3 but decreased sharply on November 4 and 5, at times falling back to 145.5-147.5 million VND/tael.

Since November 6, the market has recovered, the price of SJC gold has increased again to 146.4-148.4 million VND/tael and remained stable until the end of the week. SJC gold rings and 9999 Doji gold rings also increased slightly after a sharp decrease in the middle of the week.

At the end of the week, the price of SJC gold bars remained at 146.4-148.4 million VND/tael, SJC gold rings at 143.3-145.8 million VND/tael and Doji gold rings at 145-148 million VND/tael.

Compared to the beginning of the week, the price of SJC gold bars increased by 300,000 VND/tael in both buying and selling directions. SJC gold rings of 1-5 chi increased by 100,000 VND/tael, while Doji 9999 gold rings remained the same compared to the beginning of the week.

World gold price

World gold prices continue to hover around $4,000/ounce but have not been able to break out, despite weakening US consumer sentiment, a factor that raises concerns that reduced consumer demand could drag the economy into recession.

The preliminary consumer confidence index fell to 50.3 in November, down from 53.6 in October, the University of Michigan reported Friday. The decline was larger than expected, with economists expecting the index to drop only slightly to 53.

Consumer sentiment fell about 6% this November, driven by a 17% drop in current personal finances and an 11% drop in expectations for business conditions next year. The federal government shutdown, which has lasted more than a month, has consumers worried about the potential negative impact on the economy.

Domestic gold prices fluctuate little. Photo: Pham Hai

The report also showed rising inflation concerns, although they remain below their May peak. One-year inflation expectations rose to 4.7%, from 4.6% in September.

Meanwhile, long-term inflation expectations fell to 3.6%, down from 3.9% recorded in September.

The record-long US government shutdown is making it difficult for economists to accurately assess the health of the economy, and this is affecting the gold market. Analysts are now watching other signals such as the stock market and the US dollar price to find direction for gold.

Gold price forecast

According to experts, 4,000 USD/ounce is considered an important resistance level. Although the fundamentals of gold are still very solid, the market needs a new "signal" for gold to increase strongly.

Barbara Lambrecht, a commodities analyst at Commerzbank, said gold prices are likely to move sideways in the near term. While trade policy tensions have eased, the conflicts have not been fully resolved. Gold will remain popular as a safe haven, despite the recent recovery in the dollar.

Lambrecht also expects more aggressive rate cuts in the US than the market currently expects. If the fog over the US economy lifts when data returns, the market could move in a positive direction, helping gold prices rise.

Michael Brown, senior market analyst at Pepperstone, said gold still has upside potential even if prices remain flat. $4,000 an ounce could be a tough level to break.

Brown believes that gold prices may fluctuate within a wide range of $3,900–$4,400/ounce, which is considered a reasonable price range in the coming time. According to Brown, the risk is tilted to the upside, not only because the safe-haven demand and concerns about unstable inflation expectations, which have pushed gold up before, have not disappeared, but also because demand from reserve managers remains strong.

Source: https://vietnamnet.vn/gia-vang-hom-nay-9-11-2025-neo-o-nguong-cao-cho-tin-hieu-moi-de-but-pha-2460886.html