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International gold prices edged up on November 13, but the previous day’s sharp decline left them down about 4.5% for the week, their biggest weekly drop since early June. U.S. producer price data prompted a shift in market expectations for the size of a Federal Reserve rate increase in December.
Global gold prices fell for a third straight session on November 12, 2026, hitting their lowest level since October 2025 during trading. Rising oil prices, stronger than expected US inflation data and expectations of higher interest rates weighed on gold. On the morning of November 13, SJC gold was quoted at 139 million Vietnamese dong per tael for sale in Hanoi.
On the evening of November 12, international spot gold fell more than 3.3% to as low as USD 3,852 per ounce. Gold bars at major Vietnamese firms mostly closed at VND 136 million to VND 139 million per tael, while SJC’s selling price fell VND 1 million from the previous close.
US consumer prices rose 0.4% in October from the previous month, less than in September, but core prices rose 0.3% for a third consecutive month. Fed officials differed on the pace of rate hikes, with some urging consideration of a larger increase. Markets raised their expectations for the number of future hikes after the data was released.
Spot gold fell $107 to $4,031 an ounce on November 10, after touching $4,012 during the session. Higher than expected US inflation lifted the dollar and Treasury yields, shifting expectations for the Federal Reserve’s December rate increase.
On the morning of November 9, spot gold and U.S. gold futures for December delivery both rose 0.2%. Falling oil prices eased inflation concerns, but U.S. jobs data strengthened expectations of an interest rate increase, limiting gold’s gains. SJC gold in Hanoi was quoted at 138 million to 141 million Vietnamese dong per tael.
