Gold prices today, October 9, 2026, remain unchanged, approaching a potential bottom; investment prospects face many challenges. - Vietnam.vn

AI desk brief

Gold is flat near a two-month low, with spot quoted at $4,120-$4,122/oz and U.S. futures at $4,140.70/oz after the metal was pressured by a stronger dollar and higher Treasury yields. In Vietnam, SJC bars were unchanged at 140-143 million VND/oz with a 3 million VND/oz bid-offer spread, while ring gold also held mostly steady; Phu Quy cut 9999 ring prices by 800,000 VND/oz to 139.5-142.5 million VND/oz.

The macro backdrop remains the key driver: Fed minutes showed officials split on further hikes, CME FedWatch puts October hike odds at 19% and December at 86%, while traders view gold as less attractive versus U.S. government bonds. HSBC cut its 2026 average gold forecast to $4,490/oz from $4,560 and flagged a possible bottom if prices fall toward $4,000/oz, with central-bank demand seen as a potential cushion; WFII also reduced its 2027 target range to $5,200-$5,400/oz.