Gold prices advance - VnExpress International

AI desk brief

Gold advanced in Vietnam, with Saigon Jewelry Company bullion up 0.86% to VND141.2 million/tael and rings up 0.14% to VND139.7 million/tael, while local gold prices are still down 7.6% year to date. Globally, spot gold was steady at $3,944.60/oz after a 1.8% rebound on Monday, helped by softer oil prices easing inflation concerns and slightly reduced odds of a December Fed hike.

Technically, gold’s 14-day RSI climbed to about 37 from below 30 on Friday, suggesting the metal has moved out of oversold territory. Traders are also watching U.S. midterm elections later this week for any macro or policy implications.