Gold price 9/5/2025: Started to drop sharply due to profit taking today

Gold priceDomestic today 9/5/2025

As of 4:00 a.m. today, September 5, 2025, the price of domestic gold bars continued to rise to an all-time high. Specifically:

DOJI Group listed the price of SJC gold bars at 132.4 - 133.9 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

At the same time, the price of gold bars was listed by Saigon Jewelry Company Limited - SJC at 132.4 - 133.9 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling directions compared to the closing price on September 4.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 132.9-133.9 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand VND/tael for both buying and selling.

The price of gold bars at Bao Tin Minh Chau Company Limited is traded by the enterprise at 132.4 - 133.9 million VND/tael (buy - sell), the price increased by 1 million VND/tael in the buying direction - increased by 500 thousand VND/tael in the selling direction compared to the same period yesterday.

The price of SJC gold bars at Phu Quy was traded by businesses at 131.5-133.9 million VND/tael (buy - sell), the gold price increased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

As of 4:00 a.m. on September 5, 2025, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 126.3-129.3 million VND/tael (buy - sell); an increase of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 126.5-129.5 million VND/tael (buy - sell); an increase of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, September 5, 2025 is as follows:

World gold price today September 5, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:00 a.m. on September 5, Vietnam time, was 3,541.43 USD/ounce. Today's gold price decreased by 21.69 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,510 VND/USD), the world gold price is about 113.17 million VND/tael (excluding taxes and fees). Thus, the price of gold bars is 20.73 million VND/tael higher than the international gold price.

Gold prices fell slightly as traders booked profits after a string of record gains. Market attention is now focused on Friday's US jobs report, which will be released for fresh clues on the Federal Reserve's policy path.

Specifically, spot gold prices fell 0.61%. US gold futures for December delivery also fell 0.6% to $2,361.38/ounce.

The decline came after spot gold hit a new record high of $2,358.50 an ounce on Wednesday. The previous rally was driven by weak jobs data that reinforced expectations of a Fed rate cut, along with demand for safe havens amid market turmoil.

The recent decline in gold prices slowed after data showed that the labor market is weakening. Private sector hiring slowed more than expected. According to the report from ADP, the private sector lost 54,000 jobs in August, much lower than the expert forecast of 73,000 jobs.

The four-week moving average of new claims, a more reliable measure of the labor market because it smooths out week-to-week fluctuations, rose to 231,000 from 228,500 the previous week. Labor shortages, consumer concerns and the impact of artificial intelligence may have slowed hiring.

The key nonfarm payrolls report is due out on Friday. With expectations of a Fed rate cut already somewhat priced in, the jobs report will be a key focus, said David Meger, director of metals trading at High Ridge Futures. Any changes in the report could have a direct impact on the dollar and, in turn, gold.

Several Fed officials have also expressed concerns about the labor market, reinforcing the belief that rate cuts are still ahead. According to CME Group's FedWatch tool, the market now expects a 98% chance that the Fed will cut rates by 0.25% this month.

The Fed’s independence was also in the spotlight when President Donald Trump’s economic adviser, Stephen Miran, testified before the Senate Banking Committee, as Trump pushes for greater influence over the central bank.

Besides gold, spot silver fell 0.7% to $40.89 an ounce after hitting its highest since 2011. Platinum fell 2.6% to $1,384.39 an ounce and palladium also fell 1.5% to $1,133.2 an ounce.

Gold Price Forecast

Gold price forecasts are attracting great attention with many optimistic comments from leading experts. Goldman Sachs said that if individual investors continue to shift to gold to diversify their portfolios, gold prices are fully capable of surpassing the $4,000/ounce mark by mid-2026.

The political and legal situation in the US also affects the market. Peter Schiff, chief economist at Europac, said that the possibility of the US Supreme Court limiting the autonomy of the Federal Reserve (Fed) is causing certain concerns.

In addition, central banks around the world continue to buy gold to reduce their dependence on US government bonds, an action that continues to create momentum for gold prices.

Regarding the short-term gold price forecast, expert Nick Cawley from Solomon Global predicts that gold could reach $3,750 before the end of this year. Buying power from central banks and the decreasing influence of the USD will continue to be strong pillars supporting the gold price increase.

While it is difficult to predict the exact price peak, Michele Schneider, chief strategist at MarketGauge, sees a target of $4,000 in sight as gold prices are just starting to rally.

Technically, the longer the consolidation period, the stronger the subsequent rally. Schneider believes that gold prices between $3,800 and $4,000 are entirely possible.

According to Joni Teves, an expert from UBS, the move to hoard gold by investors, along with the expectation that the Fed will soon cut interest rates, are key factors pushing prices up. She believes that gold prices will continue to set new records in the coming quarters.

Market history also shows that September and October are often volatile periods for stocks and currencies, which further drives investors to gold as a means of preserving capital.

In addition, recent statements by US President Donald Trump about the possibility of canceling trade agreements with the European Union, Japan, and South Korea if the US loses the case at the Supreme Court on the issue of reciprocal taxes have further raised concerns and increased the appeal of gold.