Gold prices today, October 27th: Gold recovers but unlikely to rise sharply, why? - Vietnam.vn

AI desk brief

Gold is trading around $4,008-$4,010/oz, down about $275/oz or 6.4% versus 30 days ago, while the Vietnam SJC bar market remains sharply above implied import parity at 138.7-141.7 million VND/oz, about 15.5 million VND/oz over the converted world price. The article says the recent recovery is being helped by softer oil prices and bargain-hunting, but traders still see the market stuck near the $4,000/oz level pending the Fed decision on Oct. 28 and US PCE inflation data on Oct. 29.

StoneX's Bob Haberkorn said gold may continue to trade around $4,000/oz while awaiting Fed guidance. Even with 10-year Treasury yields starting the week below 5%, gold has not found strong support, and the piece argues any rebound is more likely to be a sideways consolidation than a fresh leg higher unless investment demand accelerates.