Gold prices slip - VnExpress International

AI desk brief

Saigon Jewelry Company gold bars fell 0.48% to VND145.8 million/tael and gold rings eased 0.2% to VND146.7 million/tael, leaving Vietnam gold prices down 4.6% year to date. Globally, gold rebounded 1.2% to $4,314.64/oz after a near six-week low, while December U.S. gold futures slipped 0.8% to $4,353.90 after the Fed’s hawkish rate-hike signal was digested and an earlier oil rally faded.

OANDA’s Kelvin Wong said oil remains a key watchpoint and that further declines could support gold on a medium-term basis, but for now he expects prices to stay rangebound. He said the current move is mainly technical, with the Fed’s hawkish message already largely priced in.