Gold prices gain - VnExpress International

AI desk brief

Gold was mixed on Wednesday: Saigon Gold Jewelry Co. raised domestic gold bar prices 0.49% to VND142.7 million/tael and ring prices 0.72% to VND140 million/tael, while spot gold slipped 0.3% to $4,045.29/oz and December futures fell 0.4% to $4,059/oz. The move lower came as higher oil prices revived inflation concerns and traders waited for the Fed decision for clues on the rate path.

Reuters survey respondents cut their 2026 gold forecasts for a second straight quarter, citing high Treasury yields, a strong dollar and expectations rates stay higher for longer, though they still see a 2027 rebound. OCBC’s Christopher Wong said near-term risks are still tilted to consolidation, but the demand backdrop should cushion prices once liquidation pressure fades; he added that gold needs lower oil, softer inflation and weaker USD/yields to regain durable upside momentum.