Gold prices slide - VnExpress International

AI desk brief

Gold slipped as the US dollar strengthened and traders waited for the Fed’s September minutes for clues on whether policymakers still lean toward further rate hikes. Spot gold fell 0.8% to $4,130.37/oz and US gold futures lost 0.7% to $4,157.00, while the dollar index rose 0.3%, making metals more expensive for non-dollar buyers.

In Vietnam, Saigon Gold Jewelry Company cut bullion pricing 0.35% to VND143 million per tael and ring gold to VND142.5 million per tael. LBMA conference delegates in Sorrento projected gold could reach $5,013/oz over the next 12 months, but near-term direction will hinge on the Fed minutes, Treasury yields, the dollar and any oil/geopolitical shock.