Gold prices increase - VnExpress International

AI desk brief

Gold rebounded 0.82% to $4,441.60/oz, recovering part of the prior two-session 1.50% decline. In Vietnam, Saigon Jewelry Company gold bars rose 0.41% to VND147.1 million/tael and gold rings gained 0.2% to VND148.9 million/tael, though local gold prices are still down 3.73% year to date.

The move was framed by a stronger inflation narrative after weekend strikes on shipping pushed oil higher, while Iran said it would announce a new restricted zone in the Gulf and publish maps for a new shipping corridor through the Strait of Hormuz. That mix of higher energy prices and renewed geopolitical risk is supportive for safe-haven demand and keeps the inflation hedge bid under gold intact.

Near term, traders will watch whether the oil spike feeds further upside in nominal yields and real rates, but the immediate risk backdrop looks constructive for bullion. If Middle East shipping tensions persist, gold can continue to attract defensive flows even after the recent pullback; if tensions ease and oil retraces, some of that support could unwind quickly.