World gold prices lose momentum to recover, retreating close to the 4,400 USD/ounce mark - Laodong.vn

AI desk brief

Gold is under renewed pressure after a weekend selloff, with spot prices down 0.77% to $4,396.39/oz and December futures off 0.40% to $4,458.89/oz as the market re-tests the psychologically important $4,400/oz area. The move follows a roughly 1% drop in the prior session and reflects a re-pricing of Fed expectations after stronger-than-expected US jobs data.

The article says the stronger payrolls print revived bets that the Fed may lean more hawkish into September, lifting the dollar temporarily and weighing on bullion. That USD bounce is now easing, which has helped gold stabilize around the $4,400/oz threshold rather than extending the decline. The metal had recovered from near $4,000/oz in July and has since been trading in a relatively tight range as policy expectations shift.

Other precious metals were also softer, with silver at $65.67/oz (-0.81%) and platinum at $1,806.06/oz (-0.90%), while palladium bucked the trend and rose 0.80% to $1,411.25/oz. Near-term trading focus is whether gold can hold above $4,400/oz; a decisive break would likely invite more liquidation, while a weaker dollar or softer rates outlook could stabilize the market quickly.