Gold prices drop - e.vnexpress.net

AI desk brief

Saigon Jewelry Company gold bars fell 0.34% to VND146.1 million/tael, while global spot gold slipped 0.1% to $4,338.50/oz, extending Monday’s decline. The article ties the move to expectations of further U.S. Fed tightening and hawkish signals from other major central banks, which pushed the dollar index to a more than two-month high and weighed on precious metals.

Gold is still down 4.4% year-to-date. American Gold Exchange analyst Jim Wyckoff said lingering concern over tighter U.S. monetary policy is driving bearish sentiment against the metals complex.