Gold prices today, September 7th: Global gold prices fluctuate, what will SJC gold prices be like this coming week? - Vietnam.vn

AI desk brief

Vietnam’s SJC gold bar price was unchanged on the morning of Sept. 7 at VND 147.6 million/tael for selling and VND 144.6 million/tael for buying, after a sharp VND 1 million/tael drop the previous day. Global gold was holding near $4,431/oz, up only about $1 from the prior day and trading in a tight $4,418-$4,431/oz band as local dealers paused for clearer international signals.

The article points to a quiet start to the week in Vietnam with DOJI, PNJ, Bao Tin Minh Chau and Phu Quy mostly leaving quotes unchanged. SJC’s sell price is still VND 3 million/tael below the Aug. 26 peak of VND 150.6 million/tael, but remains well above the VND 142-143 million/tael area seen in the second half of August. The spread remains wide: around VND 3 million/tael for SJC and Bao Tin Minh Chau, and about VND 3.5-4 million/tael for some ring products.

Near term, the key catalyst is US inflation data, especially PPI and CPI, plus the upcoming Fed meeting. The source notes that Sept. 7 was a US Labor Day holiday, with US cash markets closed and no CME COMEX settlement, implying thinner liquidity and potentially exaggerated moves when full trading resumes on Sept. 8. That makes the $4,418-$4,431/oz range a likely short-term reference point until macro data hits.