
Vietnam's statistics office reported that its gold price index fell 2.85% in October from September. World gold averaged $4,137.85 per ounce in October, down 6.69% month on month, as a stronger dollar, high bond yields and profit-taking weighed on prices.
The domestic dollar price index fell 0.26% over the same month.
A firmer international dollar, driven by expectations of further Fed tightening, raises the cost of dollar-priced feed imports for Vietnamese buyers. The domestic dollar's softer move suggests limited pressure on local feed costs.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.