Gold prices rise - VnExpress International

AI desk brief

Gold edged higher as a softer U.S. dollar and lower oil prices supported the metal, with spot gold up 0.3% at $4,355.05/oz and U.S. futures down 0.1% at $4,394.10/oz. On the physical side, Saigon Jewelry Company raised its gold bar price 1.23% to VND147.6 million/tael and ring gold to VND147.1 million/tael, while the metal is up 1.1% this week but still 3.5% lower year to date.

Technically, the 2% rebound in the prior session pushed bullion back above its 100-day moving average, but it remains nearly 20% below its pre-Iran-war level. The macro backdrop is mixed: easing Middle East supply disruptions and lower inflation pressure from oil are supportive, but the Fed’s latest rate hike and signal of more increases could cap gains; Goldman Sachs still sees $5,400/oz by end-2027 despite tighter policy.