Global gold prices topped $4,200 an ounce early in the week before falling to $4,073 after U.S. September inflation data and a stronger dollar, then recovered at week's end after Fed Chair Kevin Warsh gave no signal of an October rate hike. In a Kitco News survey, 33% of respondents expected gold to rise, 17% expected a fall and 50% expected it to stay flat or sit out. Bulls pointed to a $4,400-4,500 range as political risk eases ahead of the midterm elections, while cautious analysts said the Fed is unlikely to raise rates by a total of 70 basis points as markets expect, and gold could slip slightly even though support near $4,100 holds. Others were neutral, expecting gold to hover around $4,200 next week.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá vàng thế giới khó dự báo diễn biến
Read the original on VnExpress ↗
Keywords
goldFedKevin Warshinflationinterest rates
Open a keyword to see other news on the same topic.
Related tickers and likely impact
PAXG/USDT
• NeutralPAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/17/2026 | 4,155.26 |
| Change that session | -0.18% |
XAUT/USDT
• NeutralTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/17/2026 | 4,152.95 |
| Change that session | -0.16% |
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/16/2026 | 4,165.63 |
| Change that session | -0.13% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Gold Prices Rise Above $4,200 in Futures Trading as Fed Rate Hike Expectations Ease
Gold rose above $4,200 an ounce in US futures on Monday as traders scaled back expectations of another Federal Reserve rate hike after comments from Chair Kevin Warsh. Spot gold gained 0.4% to $4,180.29, while US gold futures rose 0.5% to $4,200.92. The implied probability of a 25-basis-point hike at the next meeting fell below 20%, after US inflation data released the previous week exceeded expectations. Silver, platinum and palladium also gained, while the US Dollar Index was roughly flat at 101.80. ANZ maintains a positive long-term view and expects gold to rise above $5,000 an ounce during 2027, though elevated bond yields and a strong dollar could pressure prices in the near term.
- Dubai Gold Prices Rise Amid US Fed Rate Hike Uncertainty
Gold prices in Dubai edged higher on Monday as traders pared bets on a US Federal Reserve rate hike later this month, after remarks from Chair Kevin Warsh were read as favoring a pause. 24-karat gold traded at Dh504.25 per gram and 22-karat at Dh467, while 14-karat stayed below Dh300. Spot gold rose 0.42 per cent to $4,177.78 an ounce and silver gained 1.31 per cent to $57.56, while the chance of a quarter-point Fed hike fell below 20%. Gold has held above $4,000 an ounce since August and has seen gold-backed ETF inflows for 13 straight weeks, though it is still down roughly 20% since the US-Iran conflict began in late February.
- Gold Prices Rise as Fed Rate Hike Bets Fade , ANZ Sees $5 , 000 in 2027
Gold rose on Monday as investors scaled back expectations of another Federal Reserve rate hike in October following remarks from Fed Chair Kevin Warsh. Spot gold climbed 0.2% to $4,173.59 per ounce, silver, platinum and palladium also gained, and traders cut the probability of a 25-basis-point hike below 20%. Gold has held above $4,000 since August but remains about 20% below its level before the U.S.-Iran conflict began in February. ANZ sees fiscal concerns, Chinese demand and central bank diversification supporting gold over the longer term, while elevated yields and dollar strength limit near-term upside, and it forecasts bullion could exceed $5,000 per ounce in 2027.
- Gold rises as Warsh remarks curb Fed hike bets
Spot gold rose 0.2% to $4,173.59 an ounce on Monday after Fed Chair Kevin Warsh’s remarks were read as supporting a hold at next week’s meeting. Traders cut the implied chance of a rate hike to below 20%, reversing the revived hike bets that followed a stronger-than-expected U.S. inflation reading. Gold has stayed above $4,000 an ounce since August, but it is down about a fifth since the U.S.-Iran conflict erupted in late February. ANZ sees gold’s upside capped in the short term, though it expects prices to top $5,000 an ounce in 2027, supported by Chinese investors and central-bank diversification.
- Fed sees AI boom adding to inflation headache , but others may pay for the medicine
The Reuters article reports that the AI investment boom, increasingly seen at the Federal Reserve as a driver of inflation, forces central bankers to cool the rest of the economy with higher rates, and the pain falls unevenly. Small businesses, credit-dependent households and a weak housing market may bear the brunt, while large AI firms such as Amazon, Apple and Anthropic are seen as largely immune to rate hikes. ADP chief economist Nela Richardson said the Fed's 2% inflation goal has been unmet for more than five years and that fewer routes to it remain open. Fed Chairman Kevin Warsh called AI investment a “shock” to prices and demand, with the industry expected to invest about $1 trillion next year, roughly 3% of GDP. The Fed meets October 27-28 and is expected to hold rates at 3.75%-4.00%, while officials debate the pace and extent of further hikes.
- 3 Words From Fed Chair Kevin Warsh Suggest the Worst Is Yet to Come for Wall Street
The article argues that Fed Chair Kevin Warsh's repeated use of the phrase “dose of accommodation” signals that the Fed does not view monetary policy as restrictive and may keep raising rates. The FOMC raised rates by 25 basis points to 3.75%-4.00% on Sept. 16, and the article notes that September PPI later rose 6.3% on a headline basis and 5% for core PPI. The author contends that higher borrowing costs could weigh on debt-funded AI infrastructure spending and slow AI growth projections, and that valuations leave little margin for error.
Related markets
Latest news
- Earnings live updates: All eyes on Musk and Meta as Q3 earnings rev up
Big tech is the focus of this week's earnings season, with Meta (META), SpaceX (SPCX) and Tesla (TSLA) due to report. SpaceX and Netflix (NFLX) kick off on Tuesday after the bell, while Tesla and Meta report on Wednesday, offering an early read on the Magnificent Seven and the AI trade. Wall Street estimates S&P 500 earnings growth of 29.6%, according to FactSet; if that holds, it would be the third straight quarter of growth above 25%. General Motors (GM), IBM (IBM), United Airlines (UAL) and Procter & Gamble (PG) also report this week.
- Mysterious UAV Enters Lithuania as NATO Fighters Fail to Intercept It
On the morning of October 18, an unidentified drone entered Lithuanian airspace between 6:00 and 8:00, prompting an air alert and the scrambling of NATO jets, which escorted the object but could not shoot it down due to difficult weather. Debris later found in Juojonis village in Pasvalys district was initially identified as drone parts, and the military says it may have entered from Poland. Latvia issued a similar warning for several regions and cancelled it at 8:12, though its army has not confirmed the object was a drone. Prime Minister Mindaugas Sinkevičius said the sabotage hypothesis must be verified, while law enforcement works to determine the drone's origin; earlier, on September 15, Italian Eurofighter Typhoons shot down a drone that had flown into Lithuania from Belarus.
- Corning Is Moving Beyond Fiber Cables. Can AI Networking Pay Off?
Corning (GLW) is extending beyond fiber cables into optical components inside AI systems, having demonstrated optical connectivity with Lumentum and Astera Labs on October 12 and partnered with Nvidia on a planned tenfold expansion of optical connectivity capacity in the US. Its Optical Communications sales rose 32% year-over-year to $2.07 billion in Q2 2026, and management sees a potential $10 billion revenue opportunity by 2030 from a photonics platform, though timing and adoption remain uncertain. Still, the valuation is elevated, with a forward non-GAAP P/E of 44.81x, about 84% above its 5-year average of 24.31x, while analysts expect EPS to grow 30.41% in December 2026 and 33.02% in December 2027. The article notes that slower AI spending or delayed CPO adoption could pressure the stock.
- Google’s Next AI Chip Is Running Late. Why Marvell May Be Fine
GF Securities says one part of Google's TPU v9 design slipped about three weeks, likely due to a redesign, pushing the timeline back roughly a quarter, with mass production now expected in Q2 2027. Packaging substrate yields of just 45% to 50% are a key obstacle, but GF sees no demand problem, citing strong TPU demand from Google and external customers such as Anthropic. The firm points to MediaTek, not Marvell (MRVL), as facing short-term headwinds, so any benefit to Marvell appears indirect. At 63x forward earnings, a 66% premium to its five-year average P/E of 38.02x, the article concludes the delay is not by itself a reason to buy.
- Stocks bounce back, Anthropic's "Public Benefits", and Musk's promise to American kids
The 8:30 show, hosted by Julie Hyman, Pras Subramanian and Jake Conley, discusses the stock market's rebound. Other topics include Anthropic's (ANTH.PVT) commitment to a “Public Benefit” fund, Elon Musk's promise to American children about SpaceX (SPCX) stock ahead of earnings, and doubts over an IPO after Microsoft (MSFT) withdrew.
- Microsoft vs. Alphabet: Is GOOGL’s Cloud Growth Worth More Than Investors Think?
Microsoft (MSFT) and Alphabet (GOOGL) trade at forward P/E ratios of 25.13 and 22.83, respectively. Google Cloud revenue jumped 82% to $24.8 billion in the second quarter, with operating income rising from $2.8 billion to $8.8 billion, while Azure and other cloud services grew 43%. Both companies face heavy infrastructure spending: Microsoft spent $35.8 billion on property and equipment, pushing its cloud gross margin down to 65%, while Alphabet spent $44.9 billion, leaving roughly negative $5.85 billion in quarterly free cash flow. The article argues Alphabet's $9.11 EPS is unreliable because about $98 billion came from net other income, so its 30% operating-income growth better reflects underlying performance. Microsoft has a more diversified earnings base and higher consolidated operating margins, but the key question is whether either company can turn AI demand into cash after paying for infrastructure.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.