Domestic and international gold prices are rising simultaneously. - Vietnam.vn

AI desk brief

SJC gold bars rose 1.3 million VND/oz last week to 141.8-144.8 million VND/oz, with the buy-sell spread unchanged at 3 million VND/oz. Global gold finished the week at $4,195/oz after trading between a low of $4,066 and a high of $4,207, as USD and Treasury yields pressured the metal midweek before a weaker dollar, softer yields, and geopolitical support drove a rebound.

The article flags US economic data as the key near-term catalyst. Support also came from US-Iran tensions, higher oil prices, a strong 30-year Treasury auction, and reported gold buying by the People’s Bank of China, while Fed minutes indicating most officials still expect one more rate increase capped the upside earlier in the week.