Gold prices decline - VnExpress International

AI desk brief

Gold eased on Monday, with spot down 0.3% to $4,366.64/oz and Vietnamese bullion prices also slipping, as traders weighed Middle East developments against inflation and rates implications. Saigon Jewelry Company’s gold bar price fell 0.34% to VND147.1 million/tael, while ring prices declined to VND146.6 million/tael.

Market participants said the metal lacks a fresh catalyst near term, with one analyst noting gold has “no real narrative” after the latest Fed move and forward guidance came in as expected. Reuters-quoted market analysts said a further upside break likely needs lower oil and/or lower bond yields, with attention centered on geopolitics, crude and fixed-income reaction.