Gold price today, October 9th: Gold returns to $4,169 per ounce, will it continue to rise? - Vietnam.vn

AI desk brief

Gold is quoted around $4,168-$4,170/oz, still about $186/oz lower than 30 days ago (-4.2%), while Vietnam physical SJC bars are steady at roughly 140-143 million VND/oz and rings at 139.5-142.5 million VND/oz. The metal recovered after a strong 30-year U.S. Treasury auction pulled yields off earlier highs, but the backdrop remains heavy: firmer oil is stoking inflation risk, and CME FedWatch shows markets pricing a 17% chance of an October hike and 81% for December.

The article frames near-term gold as vulnerable if bond yields stay elevated, with U.S.-Iran/Strait of Hormuz tensions and any further oil strength feeding inflation and tightening expectations. Longer term, it argues that gold’s small allocation in institutional portfolios could leave room for increased strategic buying if bond-market stress persists.