Gold prices slip - VnExpress International

AI desk brief

Vietnam domestic gold prices fell 0.69% to VND143.3 million/tael for bars and VND142.8 million/tael for rings, while global gold held steady ahead of U.S. CPI. Spot gold was unchanged at $4,165.25/oz and December U.S. gold futures edged up 0.3% to $4,188.70/oz.

Market focus is on whether incoming CPI, PPI and retail sales data show weaker momentum and prompt traders to scale back further Fed hike expectations, which would be bullish for gold. Tastylive's Ilya Spivak said gold is still range-bound for now, but the fact it is holding even as oil rallies suggests it is building a base.