Gold Prices Bounce Back Above $4,300 Mark Amid Market Caution

Gold prices rebounded in the morning session of September 15 after a sharp decline, according to Laodong.vn. The market was still cautious about new fluctuations in oil prices and monetary policy expectations.

The spot gold price increased by 0.36% to $4,314.09 per ounce, while December gold futures rose slightly by 0.06% to $4,354.70 per ounce.

This rebound brings gold prices back above the $4,300 mark, which is an important support level in the coming sessions.

The precious metal's price movement is still significantly affected by developments in the energy market, with rising oil prices putting pressure on gold and bond yields making the market cautious.