Gold prices dip - VnExpress International

AI desk brief

Gold eased to $4,016.27/oz and briefly broke below $4,000, putting it on track for its steepest weekly decline in over four months; December Comex gold fell 0.7% to $4,030.40. In Vietnam, Saigon Gold Jewelry Company cut bar prices 0.21% to VND142 million/tael and ring prices 0.93% to VND139 million/tael, while the metal is down 3.5% for the week and on course for its worst since June.

Reuters-linked commentary points to elevated oil prices reviving inflation fears and reinforcing higher-for-longer rate expectations, which is pressuring bullion via yields and the dollar ahead of next week’s Fed meeting. Capital.com’s Monte Safieddine said the market is trying to defend $4,000, with a clean break lower likely to signal that traders are no longer pricing rate relief but instead sticky inflation and stronger USD/real-yield headwinds.