Gold Prices Rebound Amid Rising Treasury Yields and Stronger Dollar

Global gold prices rebounded on September 30 after experiencing a sharp decline in the previous session. The recovery was attributed to a rise in Treasury yields and a stronger US dollar, which had previously weighed down the price of gold.

The price of SJC gold bars in Vietnam increased by 1 million VND, reaching 143.5 million VND per tael. This move comes on the heels of a sharp drop in global gold prices, with some markets experiencing losses as high as $175 USD per ounce over the past week.

The recent volatility in gold prices is a reflection of the ongoing shifts in market sentiment and economic conditions. Investors are closely watching developments in Treasury yields and currency markets, as these factors have a significant impact on the price of gold.