Gold price today (October 12): Remains unchanged - Vietnam.vn

AI desk brief

Vietnam domestic gold bar prices were unchanged over the past 24 hours, with SJC, PNJ, DOJI and Bao Tin Manh Hai all steady at 141.8-144.8 million VND/oz; Phu Quy bars were also flat at 141.0-144.8 million VND/oz. Gold rings were unchanged as well, while the world gold price was quoted at $4,190.6/oz, leaving a domestic premium of about 12.7 million VND/oz.

The piece ties last week’s weakness to a stronger US dollar, rising Treasury yields and the September Fed minutes, which showed most policymakers still saw room for another hike this year. Near-term sentiment is turning more constructive on weekend recovery, with Kitco’s survey showing 7 of 14 Wall Street analysts bullish and 93 of 206 retail voters expecting gains; this week’s US CPI and PPI are the key catalysts. Silver was also quoted firmer at $60.68/oz globally, with Vietnamese retail quotes around 1.795-1.867 million VND/oz in Hanoi and 1.799-1.867 million VND/oz in Ho Chi Minh City.