Gold prices fell as the US dollar and US bond yields rose. - Vietnam.vn

AI desk brief

Gold edged lower as a firmer US dollar and rising Treasury yields weighed on the market ahead of next week’s Fed decision. Spot gold fell 0.4% to $4,147.87/oz and December 2026 gold futures lost 0.5% to $4,160.10/oz; Ole Hansen said resistance is at $4,235/oz with support below $4,100/oz.

The market is focused less on whether the Fed holds rates next week — CME FedWatch pegs that probability at 82.8% — and more on the policy signal, after the Fed raised rates by 25bp in September, its first hike this year. A hawkish message or a hot PCE inflation print next week would likely keep pressure on gold in the short term, as higher yields reduce the appeal of non-yielding bullion.