Gold prices today, October 12, 2026, still have room to rise, selling pressure is weakening, and investors are waiting for further signals from US bond yields. - Vietnam.vn

AI desk brief

Gold is rebounding after last week’s drop, with world prices at $4,193/oz, up more than $53 on the week, while Vietnamese SJC bars rose 1.3 million VND/oz to 141.8-144.8 million VND/oz. The article says selling pressure is weakening and notes support emerging near $4,000/oz, though futures remain below the 45-day moving average around $4,398/oz.

Macro and positioning drivers remain mixed: analysts cite Fed policy uncertainty, rising U.S. Treasury yields, a possible U.S. dollar recovery, and inflation risks as headwinds, while PBOC buying of 740,000 ounces for the month marked its 23rd straight month of purchases. Short-term technical targets cited are $4,300-$4,350/oz on the upside, with downside pressure seen if gold cannot hold above $4,230/oz.