Vietnam gold prices tumble as global bullion retreats after U.S. PPI

Global gold pulled back on Aug. 13 after a CPI-driven rally, then Vietnam's domestic market sold off more sharply on Aug. 14 as spot gold slid to about $4,316.6 an ounce and dealers cut SJC bars and 9999 rings by VND 1.3 million to VND 2 million per tael. Softer-than-expected July U.S. PPI data did not convince investors the Federal Reserve would soon ease, while elevated 10-year Treasury yields and a firmer dollar weighed on bullion and shifted attention to U.S. retail sales. UBS kept a bullish longer-term view, saying gold could approach $5,000 an ounce in the first half of 2027, and the older topic's Vietnam fuel-price adjustments were a separate domestic pricing action unrelated to the gold move.

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