Gold prices struggle to bounce back from 10-week bottom - VnExpress International

AI desk brief

Gold remains under pressure, with spot slipping 0.6% to $3,998.35/oz and briefly trading as low as $3,975.23, the first move below $4,000 since mid-July. December Comex futures settled 1.3% lower at $4,007.90/oz, while bullion is down 4% this week and on track for its worst week since June.

Vietnam pricing also weakened, with Saigon Jewelry gold bars down 0.21% to VND141.7 million per tael and gold rings down 0.21% to VND141.1 million. The article frames the selloff as driven by firmer energy prices stoking inflation concerns and reinforcing expectations for Fed tightening ahead of next week’s meeting.