Gold prices fall - VnExpress International

AI desk brief

Gold fell as stronger US inflation data and higher oil prices reinforced expectations for another Fed rate hike later this year. Spot gold slipped 0.6% to $3,997.39/oz and December futures fell 0.6% to $4,007.80/oz, putting bullion on track for a second straight monthly decline.

In Vietnam, Saigon Gold Jewelry Company’s gold bar price dropped 0.91% to VND141.4 million/tael, the lowest since Sept. 29, while gold ring prices eased 0.29% to VND138.3 million/tael. KCM Trade’s Tim Waterer said the week’s macro data kept the Fed on track for a potential December hike, with oil-supported inflation working against bullion; dip buying has so far limited downside.