Gold prices reversed course after a midweek drop, with experts expecting a price increase to gradually return? - Vietnam.vn

AI desk brief

Gold ended the week at $4,207.48/oz after a volatile $140+ range, recovering from a midweek low of $4,066.31/oz as the dollar softened, Treasury yields eased, and oil prices cooled on progress in US-Iran talks. Near-term support was repeatedly seen around $4,000/oz, while $4,187-$4,230/oz was flagged as the key zone gold needs to clear to confirm a base.

The week’s selloff was driven by higher US yields, a firmer dollar, and Fed minutes that kept another rate hike on the table, while bargain-hunting and geopolitical/energy concerns helped stabilize prices into the close. Surveyed experts were split but leaned constructive overall, with next week’s inflation data identified as the main catalyst for whether gold can extend the rebound or remain rangebound.