Gold prices climb - VnExpress International

AI desk brief

Gold climbed more than 1% as a softer US dollar, easing Treasury yields and lower oil prices supported the complex, with traders still focused on inflation data and the Fed outlook. Spot gold rose 1.1% to $4,177.44/oz after a two-month low on Wednesday, while US gold futures gained 1.1% to $4,202.00/oz.

In Vietnam, Saigon Gold Jewelry Company lifted gold bar prices 0.91% to VND144.3 million/tael and ring prices 0.91% to VND143.8 million/tael. Tony Sage said further tightening risk could keep gold under pressure, but softer economic numbers or dovish guidance could pull yields lower and support bullion into the Fed’s October meeting.