Gold prices fall - VnExpress International

AI desk brief

Gold sold off Friday as a stronger dollar and elevated U.S. Treasury yields pressured the non-yielding metal, leaving it on track for a weekly decline. Spot gold fell 0.9% to $4,140.06/oz after earlier gains, while U.S. gold futures settled 1% lower at $4,162.30; gold was down about 3.4% for the week. Saigon Gold Jewelry’s bar price slipped 0.42% to VND143.5 million per tael, and ring prices fell to VND143 million per tael.

The macro backdrop remains the key driver: 10- and 30-year Treasury yields hit their highest levels since 2002 on Thursday, and Reuters quoted Bybit’s Han Tan saying gold bugs are cautious because the Fed retains a hawkish bias. Near-term gold direction now hinges on whether the Fed tolerates labor-market weakness while maintaining its inflation focus.