World gold price sets new record: 3,508.75 USD/ounce

After 5 months away from the 3,500 USD/ounce mark, the world gold price just set a new record today, September 2, at 3,508.75 USD/ounce.

Experts predict that if the world gold price continues to remain high, tomorrow, September 3, the domestic gold price will increase sharply - Photo: THANH HIEP

World gold price breaks old record

Compared to the old record set in April, this time the world gold price is 7 USD/ounce higher.

However, after setting a new record, the world gold price dropped to 3,481 USD/ounce this afternoon.

Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 111.2 million VND/tael.

Today, major gold companies are closed for the holiday, so the listed price of SJC gold bars at major gold companies remains at 130.6 million VND/tael (selling price), the buying price is at 129.1 million VND/tael. The difference between buying and selling prices is at 1.5 million VND/tael.

The selling price of 9999 gold rings at SJC Company is 125 million VND/tael, the buying price is 122.5 million VND/tael. The difference between buying and selling prices is up to 2.5 million VND/tael.

Gold prices await interest rate news

After setting a new record, world gold prices turned to decrease - Screenshot

Meanwhile, in the free market today, the selling price of SJC gold bars has jumped to 134.5 million VND/tael.

Expert Tran Duy Phuong predicts that if the world gold price remains around the threshold of 3,500 USD/ounce, the price of SJC gold bars tomorrow could reach 132 million VND/tael.

According to experts, the world gold price set a new record thanks to the weakening USD and the possibility that the US Federal Reserve (Fed) will cut interest rates at its meeting this month.

Investors are now betting on an 87% chance of a 25 basis point rate cut at the Fed's September meeting, according to the CME Group's FedWatch Tool. Investors are also betting on further rate cuts. The Fed is concerned that tariffs could spur inflation.

The US inflation report for August is expected to be released on September 11, a week before the Fed's policy meeting, which could help the market predict the direction of interest rates.

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Source: https://tuoitre.vn/gia-vang-the-gioi-lap-ky-luc-moi-3-508-75-usd-ounce-20250902154054675.htm