Gold prices rise - VnExpress International

AI desk brief

Spot gold rose 1.4% to $4,123.46 an ounce on Monday after gaining about 5% last week; December futures increased 1.4% to $4,132.70. Vietnam’s SJC gold bars rose 0.5% to VND141.7 million per tael, while rings gained 0.57% to VND141.3 million. Oil fell after President Trump said further attacks on Iran were highly unlikely as talks continued. KCM Trade’s Tim Waterer attributed gold’s support to easing oil-driven inflation pressure and a modest dollar retreat, but warned that hot forthcoming US inflation readings could strengthen the dollar and increase December rate-hike expectations, pressuring bullion.