Gold prices retreated to $3,510/oz after peaking at $3,580/oz, while Trump appealed for comprehensive tariffs and continued to pledge Russia-Ukraine peace.
Gold corrects after hitting record high
On the afternoon of September 4, the international gold price decreased by 1% to around 3,510 USD/oz due to profit-taking pressure, after surging to a record high 3,580 USD/ozAccording to GoldSilver Central experts, gold is still in Bull market as investors bet up to 96.6% that the Fed will cut interest rates by 25 basis points in September. At the same time, concerns about the Fed's independence and political pressure from the Trump administration also reinforced the need for shelter.
Domestic gold jewelry prices go against the trend
Despite international price adjustments, many domestic gold, silver and gemstone brands continue to increase prices. gold jewelry of sufficient age up to 1,060 yuan/gram, up 7 yuan/gram from yesterday. This reflects high domestic demand and the psychological impact of the record rally in world gold.
Tokenized Gold Market Booms
Gold's strong rally also boosted tokenized gold market, with a scale exceeding 2.5 billion USD. PAXG (Paxos) and XAUT (Tether) are leading, showing the trend Asset Digitization increasingly popular. In the future, when evaluating the gold market, investors will have to consider both the performance of physical gold and tokenized gold.
Trump appeals full tariffs
Trump administration formally files application US Supreme Court to keep the sweeping tariff policy in place, after a federal appeals court said he had exceeded his powers.
The US Justice Department has asked for an expedited process, with a possible trial as early as November. If the policy is rejected, many US trade agreements signed with EU, Japan and South Korea could be canceled, threatening global supply chains.
Afternoon news 4.9: Gold slightly decreased after historical peak, Trump appealed tariffs
Russia – Ukraine: Trump affirms pursuit of peace
US President Donald Trump said he remains committed to pushing for a peace deal between Russia and Ukraine, although the prospect of a meeting between President Vladimir Putin and President Volodymyr Zelensky is currently uncertain.
Trump said he was “always watching, always watching” the process and believed “something would happen.” However, Ukraine still ruled out short-term negotiations, while Kiev is said to have deployed a new secret weapon.
Oil and USD continue to weaken
- WTI Oil down 2.47% to 63.97 USD/barrel.
- Brent Oil down 2,23% to 67.6 USD/barrel.
- USD Index down 0.24% to 98.14 points.
- 5 year bond yield fell to 3,68% – the lowest since April 2025.
Money is moving out of the US dollar and oil into gold, showing investor caution in the face of global uncertainty.
Gold corrects after historic peak but still maintains strong upward trend thanks to expectations of Fed rate cuts and geopolitical instability. In parallel, Trump's tariff policy and Russia-Ukraine tensions continue to create major fluctuations for the market.
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FAQ – Frequently Asked Questions
1. Why did gold prices fall after reaching a historic peak?
Due to short-term profit taking, the long-term trend remains bullish on expectations of a Fed rate cut.
2. How likely is the Fed to cut interest rates in September?
According to CME FedWatch, the probability of a 25 basis point Fed cut is now at 96.6%.
3. How does Trump's tariff appeal affect the market?
If it fails, many US trade agreements signed with the EU, Japan and South Korea could be canceled, creating global instability.
4. Why is the price of domestic gold jewelry still increasing?
Due to high demand, sentiment follows the upward trend of world gold, despite slight adjustments in international prices.
5. What is tokenized gold and why is it growing so fast?
Tokenized gold allows investors to own gold as a digital asset, making transactions quick and convenient. The market size has exceeded 2.5 billion USD, reflecting a new trend in global finance.
