Gold prices dip to 10-week low - VnExpress International

AI desk brief

Gold extended its slide to a 10-week low as a firmer dollar and elevated U.S. Treasury yields weighed on the metal ahead of next week’s Fed decision. Spot gold fell 0.4% to $4,147.87/oz and December futures slipped 0.5% to $4,160.10/oz; in Vietnam, Saigon Jewelry Company gold bars dropped 0.77% to VND142 million/tael and gold rings fell 0.56% to the same level.

The article says U.S. 10-year yields rose 0.6% and the dollar strengthened, making gold more expensive for non-dollar buyers. Vietnam gold prices are down 7.07% year to date, underscoring the broader weakness in local and global bullion pricing.