Gold prices gain - VnExpress International

AI desk brief

Gold edged higher on Friday as a weaker dollar offset some pressure from Fed policy uncertainty: spot gold rose 0.2% to $4,177.82/oz and December futures gained 0.7% to $4,199.10/oz, while still tracking a 0.5% weekly loss. In Vietnam, Saigon Gold Jewelry’s bar price rose 0.42% to VND143.9 million/tael and ring prices rose to VND143.4 million/tael.

Market commentary pointed to gold trading in a $4,075-$4,221 range, with recent inflation prints still running hot and keeping the hawkish policy risk alive. Fed chair Kevin Warsh’s comments were read as not strongly pushing back against expectations for unchanged rates in October, leaving the metal supported by the softer USD but capped by rates risk.