Gold at $4,052; SJC bars hold 141 million dong

The dollar is back in favor, with Adalytica’s U.S. dollar trade signals showing extreme greed and a 95 reading on awareness, while gold sentiment remains in greed territory at 73 even after a recent pullback. That mix suggests investors are still leaning into gold as a store of value, but the stronger greenback is making overseas purchases more expensive and limiting relief for physical buyers.

In the broader market, U.S. Treasury yields are still high enough to keep non-yielding assets from running away, with the 10-year note at 4.61% to 4.68% in the latest readings. At the same time, gold ETFs such as GLD are trading at 371.54, below their 50-day moving average of 385.28, while mining shares tracked by GDX closed at 74.10, also under their 50-day average of 78.83, showing investors remain selective even as bullion itself holds firm.

The domestic market has also been marked by a split between retail stability and recent selling pressure, after some segments lost as much as 2 million dong per tael last week. For buyers comparing 22-carat pricing across the UAE and local alternatives, the immediate question is whether the dollar keeps strengthening or whether gold’s recent firmness extends into August and drags import costs even higher.