Gold price today September 4, 2025: Domestic and world gold prices are expected to continue to increase

Gold priceDomestic today 9/4/2025

As of 4:00 a.m. today, September 4, 2025, the domestic gold bar price increased by nearly 3 million VND, breaking a continuous record. Specifically:

DOJI Group listed the price of SJC gold bars at 131.9 - 133.4 million VND/tael (buy - sell), an increase of 2.8 million 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 131.9 - 133.4 million VND/tael (buy - sell), an increase of 2.8 million VND/tael in both buying and selling directions compared to the closing price on September 2.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 132.4-133.4 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 2.8 million VND/tael for both buying and selling.

The price of gold bars at Bao Tin Minh Chau Company Limited was traded by the enterprise at 131.4 - 133.4 million VND/tael (buy - sell), an increase of 2.8 million VND/tael in both buying and selling directions compared to the same period yesterday.

The price of SJC gold bars at Phu Quy is traded by businesses at 131-133.4 million VND/tael (buy - sell), the gold price increased by 2.9 million VND/tael in the buying direction - increased by 2.8 million VND/tael in the selling direction compared to yesterday.

As of 4:00 a.m. on September 4, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 125.8-128.8 million VND/tael (buy - sell); an increase of 1.3 million VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 126-129 million VND/tael (buy - sell); an increase of 1.3 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, September 4, 2025 is as follows:

World gold price today September 4, 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 4, Vietnam time, was 3,558.31 USD/ounce. Today's gold price increased by 47.52 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,508 VND/USD), the world gold price is about 113.7 million VND/tael (excluding taxes and fees). Thus, the price of gold bars is 19.7 million VND/tael higher than the international gold price.

Surpassing all expectations, the world gold price increased in one breath, surpassing the threshold of 3,550 USD/Ounce, and could approach 3,600 USD/Ounce by the end of today. The reason comes from the expectation that the US Federal Reserve (Fed) will cut interest rates, along with the risk-averse sentiment in the market, boosting the demand for safe assets.

Specifically, spot gold prices increased by 1.35%, after hitting a record high of 3,556.01 USD/ounce during the session. US gold futures for December delivery also increased by 0.8% to 3,621.30 USD/ounce.

Investors are focusing on a series of important data on the US labor market this week, including weekly jobless claims and ADP employment figures (Thursday), along with the non-farm payrolls report (Friday). These indicators are key to assessing the possibility of the Fed cutting interest rates.

Against this backdrop, concerns about the Fed’s independence are growing following repeated criticism from President Donald Trump of Chairman Jerome Powell for not cutting interest rates. This is undermining confidence in dollar-denominated assets and pushing money toward gold, according to traders at Heraeus Metals.

The CME Group's FedWatch tool shows there is now a 92% chance the Fed will cut rates by 25 basis points at its September policy meeting. Fed Governor Christopher Waller has again called for a cut in September and said the pace of cuts after that will depend on economic developments.

Gold prices are rising in part because of the increasingly unpredictable political and trade policies of the United States. A U.S. appeals court recently declared most of the country’s tariffs illegal, a ruling that raises questions about President Donald Trump’s authority to impose tariffs on imports.

For now, the tariffs remain in place while the lawsuit continues, but the uncertainty has caused many businesses to delay investment decisions until they have more clarity on the cost of the tariffs.

Another reason for the rise in gold prices is that the market is entering the strongest consumption season of the year. Demand for gold from ETFs also contributed to supporting gold prices. The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, increased its holdings by 1% in just a few days to more than 977 tonnes, the highest in the past three years.

Besides gold, spot silver fell 0.5% to $40.48 an ounce. Platinum fell 0.7% to $1,389.75 an ounce, while palladium fell 1.4% to $1,121.75 an ounce.

Gold Price Forecast

Technically, spot gold has broken through the $3,500/ounce level and is continuing to target higher levels of $3,600/ounce. Specifically, the December gold price has reached $3,605. The next target is to break and hold above the resistance level of $3,700/ounce.

According to forecasts from JP Morgan experts, gold prices could reach $3,675/ounce by the end of 2025 and $4,250/ounce by the end of 2026.

If Friday’s jobs report is weaker than expected, the Fed could cut rates by 25 basis points in September, further supporting gold’s rally, according to Peter Grant, vice president and senior metals strategist at Zaner Metals. He predicts that gold prices could rise further, with short- and medium-term targets of $3,600 to $3,800 an ounce, and even $4,000 an ounce by the end of the first quarter of next year.

Michele Schneider, chief market strategist at MarketGauge, said it is difficult to predict how high gold prices can go. Last week, she predicted that gold would soon surpass $3,500 an ounce.

Ms. Schneider commented that the $4,000/ounce level could be within sight, as the gold market is only in the beginning of a strong increase. In terms of technical analysis, the longer the accumulation period, the stronger the subsequent increase.

She believes that a gold price of $3,800 to $4,000 an ounce is extremely feasible and could be a reasonable target before some investors decide to take profits. Even at that price, the opportunity is not closed for those who want to enter the market.

Bert Dohmen, editor of the Wellington Letter, also pointed out that there is a shift of money from the stock market to gold. He said that the US stock market is in the most dangerous speculative state of his career and predicted a serious recession, possibly the worst since 1929.

Gold and silver may also be sold off in the initial phase of a financial market crash as they are used as a source of cash to meet margin calls, Dohmen said, but this is a precursor to the second phase, when central banks print more money and investors flock to safe havens like gold and silver.

Based on a 40-year cycle study he conducted in 1980, Mr. Dohmen predicts that gold prices will continue to rise in the long term and peak in 2031. He believes that the world is entering a period of many conflicts, making tangible assets like gold a real safe haven.

Quoc Duong