Gold prices reversed course and rose from their lowest level in two months. - Vietnam.vn

AI desk brief

Gold rebounded 0.4% to $4,126.78/oz after touching a two-month low, with the move driven by conflicting signals from a firm dollar and elevated Treasury yields versus growing safe-haven demand tied to Fed uncertainty and rising US debt concerns. December gold futures also gained 0.4% to $4,157/oz; CME FedWatch shows only a 17% chance of an October hike but an 81% chance by December, keeping the near-term policy path a key volatility driver.

WisdomTree’s Nitesh Shah said high bond yields reflect debt worries and argued that rising public debt could channel money into gold as a safe haven, but the lack of a clear Fed roadmap is keeping the market choppy. Silver fell 1.9% to $58.98/oz while platinum edged up 0.1% to $1,637.41/oz.