Gold exceeds 3,570 USD/oz, SJC over 98 million VND/tael as Fed moves closer to lowering interest rates, while Russia officially invites Ukraine to Moscow for peace talks.
Gold prices continue to hit new peaks
On September 5, world gold prices traded around 3,560 – 3,570 USD/oz, near a historical record high. Domestically, the selling price of SJC gold has exceeded 98 million VND/tael, set a new peak in 2025.
According to analysts, gold is still considered the top safe haven asset when Federal Reserve (Fed) closer to a decision to cut interest rates in September. Global money flows continue to withdraw from USD and bonds to find precious metals.
Bonds sold off as money flows shifted
Gold’s surge has sent bond markets in the US and Europe reeling. Many investors have dumped bonds, pushing yields down sharply.
Experts say this trend will continue if gold remains around $3,560/oz, especially when expectations of the Fed easing monetary policy are dominant.
Israel declares control of 40% Gaza
The Israeli army announced that it had taken control of approx. 40% Gaza City area After weeks of fighting, Tel Aviv has said it will continue its ground campaign until Hamas surrenders.
The move has escalated tensions in the Middle East, increasing demand for safe havens like gold and other safe assets.
Russia invites Ukraine to talks in Moscow
President of Russia Vladimir Putin Official invitation to the President of Ukraine Volodymyr Zelensky to Moscow for peace negotiations.
However, Kiev has yet to respond. Observers say the prospects for short-term peace talks remain dim, as fighting continues fiercely on many fronts.
Iran – Australia escalate diplomatic tensions
News 5.9: Gold price hits new peak, Russia invites Ukraine to negotiate in Moscow
On September 5, Iran criticized Australia for its “unfriendly” actions, further straining diplomatic relations between the two countries. Canberra affirmed its tough stance on regional security.
Instability in the Middle East and international diplomatic tensions continue to drive investors to gold as a safe haven.
Forecast for US session tonight
Analysts predict gold prices will remain above 3,560 USD/oz, supported by expectations of a Fed rate cut and falling bond yields. US stocks are expected to be volatile ahead of upcoming jobs data, while geopolitical tensions continue to dominate global sentiment.
Gold continues to maintain its safe-haven status as it hits a new high, as the Fed moves closer to a rate cut and the global political and military situation becomes increasingly complicated. Investors need to closely monitor US economic data and international developments to adjust their portfolios accordingly.
Monitor LiveTrade Pro to update the fastest global financial and economic news. Download LiveTrade Pro now to experience multi-asset trading platform and seize effective investment opportunities.
FAQ – Frequently Asked Questions
1. Why does gold price continue to hit new peaks?
Gold prices rose on expectations of a Fed rate cut in September, a weaker dollar and escalating geopolitical tensions.
2. What is the domestic price of SJC gold on September 5?
SJC sales have exceeded 98 million VND/tael, closely following the increase in world gold prices.
3. Why do bonds sell off when gold rises?
Money flows out of bonds as yields fall, while gold is seen as a more attractive haven.
4. Is there a possibility of peace talks between Russia and Ukraine soon?
Although Putin has invited Zelensky to Moscow, Ukraine has not responded, so the short-term prospects remain very low.
5. How does the Iran-Australia tension affect?
Diplomatic disagreements increase regional risks, impact energy markets and reinforce the trend of capital flows shifting to gold.
