Factors determining the fluctuations in world gold prices this week. - Vietnam.vn

AI desk brief

Gold and silver rebounded into the Fed decision window, with gold at $4,060.48/oz at 7:00 AM Vietnam time on Oct. 28, up 0.9% day/day, and silver at $54.46/oz, up 0.34%. The article says gold found support after a pullback to around $3,975/oz, where physical buyers and bargain hunters stepped in.

It also points to stronger Chinese household demand for gold bars over the past two months as prices cooled and domestic equities looked less attractive. Easing crude prices are cited as another support, as cooler energy costs reduce inflation चिंता and help sentiment ahead of the Fed decision.