Gold prices drop to 13-month low - VnExpress International

AI desk brief

Spot gold rose 0.2% to $3,883.05/oz on Friday after falling 3% the previous session, leaving it down 4.4% for the week; December futures stood at $3,887. The report linked weekly weakness to oil-driven inflation concerns and expectations of prolonged elevated U.S. rates, which could weigh on gold if they lift expected real yields. GAMA’s Rajeev De Mello attributed Friday’s rebound to reserve-manager buying, rather than presenting confirmed flow data. Vietnam’s SJC bars fell 0.72% to VND138 million/tael, down 9.7% year-to-date and roughly VND16 million above global prices.