Gold markets face volatility amid rising US Treasury yields and Fed rate hike signals

gold prices SJC gold Federal Reserve US Treasury yields commodity markets

Gold markets have experienced significant volatility following the release of the Federal Reserve's September meeting minutes. The minutes indicated that officials may support further interest rate hikes before the end of 2026 to combat persistent inflation, a stance that has strengthened the US Dollar and pushed US 10-year Treasury yields to levels not seen since early 2002.

In Vietnam, domestic gold prices saw sharp fluctuations. On October 8, SJC gold prices decreased by 500,000 VND per tael, with buying and selling rates at 140 million and 143 million VND respectively. However, by October 9, prices rebounded significantly, with major brands like SJC, DOJI, and PNJ increasing prices by approximately 800,000 VND per tael, bringing SJC gold bars to 140.8 million VND for buying and 143.8 million VND for selling.

Globally, gold prices faced downward pressure due to the rising US Dollar and high bond yields, dropping toward the 4,100 USD per ounce range. Despite this, some analysts suggest a potential recovery, with one expert predicting global average prices could reach 4,250 USD per ounce by the end of the year, supported by central bank purchases and its role as a safe-haven asset.

Entities

Doji · Federal Reserve · PNJ · People's Bank of China · SJC · United States · Vietnam

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The People's Bank of China increased its gold reserves by 21 tons in September. tienphong.vn
[○ 1 SOURCE] SPDR Gold Trust purchased 1.14 tons of gold on October 7.
[● 8 SOURCES] SJC gold bars were priced at 140 million VND/tael for buying and 143 million VND/tael for selling on October 8. giaoducthoidai.vn · kinhdoanhvaphattrien.vn · nhandan.vn · thuonghieusanpham.vn
[● 3 SOURCES] The US Dollar Index (DXY) rose to approximately 102.25 points. thuonggiaonline.vn · thoibaonganhang.vn
[● 3 SOURCES] Domestic gold prices in Vietnam saw widespread decreases of 500,000 to 800,000 VND per tael.
[● 4 SOURCES] US 10-year Treasury yields reached levels above 5.3%, the highest since early 2002. doanhnghiephoinhap.vn · thuonggiaonline.vn · thuonghieusanpham.vn
[● 6 SOURCES] Global gold prices fell to approximately 4,111–4,134 USD/ounce. giaoducthoidai.vn · kinhdoanhvaphattrien.vn · nhandan.vn · thuonghieusanpham.vn
[● 12 SOURCES] The Federal Reserve's September meeting minutes indicated officials might support a rate hike before the end of 2026. doanhnghiephoinhap.vn · kinhdoanhvaphattrien.vn · nhandan.vn · thuonggiaonline.vn · thuonghieusanpham.vn · +5 more
[● 7 SOURCES] Global gold prices fluctuated around 4,111 to 4,155 USD per ounce during the period. baophutho.vn · doanhnghieptiepthi.vn · giaoducthoidai.vn · nhandan.vn · thuonghieusanpham.vn · +2 more
[○ 1 SOURCE] Global average gold prices are projected to reach 4,250 USD per ounce by the end of the year. kevesko.vn
[● 5 SOURCES] Domestic gold prices for SJC rose by 800,000 VND per tael on October 9. baophutho.vn · baoxaydung.vn · doanhnghieptiepthi.vn · cafebiz.vn · cafef.vn