Gold prices drop - VnExpress International

AI desk brief

Gold was softer on Monday, with spot down 0.2% to $4,185.13/oz and COMEX December futures down 0.2% to $4,209.70/oz after earlier hitting the highest since Oct. 2. In Vietnam, Saigon Gold Jewelry’s gold bar price fell 0.35% to VND144.3 million/tael, while ring gold slipped to VND143.8 million/tael.

The article frames the pullback as a macro trade: bullion lost some support as oil prices fell after a reported Russia-Ukraine energy ceasefire, while the dollar held near a 1.5-year high and investors awaited U.S. economic data for clues on Fed policy. A Motilal Oswal analyst said persistent inflation keeps further Fed tightening on the table, supporting Treasury yields and keeping pressure on real rates.