Gold gains 4 days in a row - VnExpress International

AI desk brief

Global gold rose 1.89% to $4,136.20 an ounce after a 3% Wednesday gain, while Vietnam’s SJC bars increased 1.47% to VND144.5 million per tael and gold rings gained 1.56% to VND143 million. Vietnamese gold remained down 5.43% year to date. Reuters attributed the global rally to dollar weakness following Democratic gains in U.S. midterm elections, with investors awaiting that week’s U.S. payrolls report for rate clues. American Gold Exchange analyst Jim Wyckoff said prospective congressional gridlock could weaken the economy and permit easier Fed policy; that support remains conditional on the economic and policy response.