Gold prices drop - e.vnexpress.net

AI desk brief

Saigon Jewelry Company gold bar prices fell 0.82% to VND145.4 million/tael, the lowest since Aug. 19, while gold ring prices also eased to VND144.9 million/tael. Globally, gold rose 0.5% to $4,378.60/oz after a 2.6% slide over the prior three sessions, with the metal still trading in a tight ~$4,400/oz range after rebounding from a July low near $4,000.

Near-term direction is tied to U.S. CPI and Fed expectations: Pepperstone's Ahmad Assiri said a softer inflation print would ease pressure on gold by supporting steady rates, while an upside surprise could strengthen the case for a hike and create “massive pressure” on the metal. Rising Brent toward $100/bbl on Middle East attacks is also stoking inflation concerns, which supports gold’s hedge bid but increases event risk into the data.