Spot gold fell 0.5% to $4,039.39 an ounce on October 28 as rising oil prices weighed on market sentiment. The Fed kept its rate in the 3.75-4.00% range as expected and deferred any borrowing-cost adjustments until after next week's midterm elections, while Chair Kevin Warsh said the central bank showed readiness and ability to act. The 10-year U.S. Treasury yield rose 4.11 basis points to 5.034%, and CME's FedWatch tool put the probability of a December rate hike at 86%, down from 88% before the decision. Brent crude gained more than 1% after an attack on a Saudi Arabian refinery, while traders await Thursday's U.S. PCE data for clues on the policy outlook.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá vàng giảm sau phát biểu của Chủ tịch Fed
Read the original on Vietstock ↗
Keywords
goldFedinterest ratesKevin Warshoil prices
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/28/2026 | 4,067.54 |
| Change that session | +0.18% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/28/2026 | 4,055.83 |
| Change that session | -0.32% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/28/2026 | 4,048.64 |
| Change that session | -0.30% |
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/28/2026 | 102.14 |
| Change that session | -0.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Asian Shares Surge After Warsh Comments
Asian stocks rose after Federal Reserve Chair Kevin Warsh, speaking at the IMF-World Bank meetings in Bangkok, called AI a major force in the global economy while avoiding predictions on upcoming rate decisions. Tech shares rebounded: Japan's Nikkei rose 1.39 percent to 65,324.29, snapping a six-session losing streak, while South Korea's Kospi gained 2.05 percent to 5,668.05. China's Shanghai Composite edged up 0.24 percent to 3,716.28 after stronger September lending data, while Indonesia's Jakarta Composite plunged over 11 percent after MSCI proposed reclassifying the country's market from 'Emerging Market' to 'Standalone Market' status. In the U.S., September producer prices rose 6.3 percent from a year earlier, above expectations, as petrol prices climbed amid the war with Iran. Gold edged up 0.3 percent to $4,184 an ounce, while Brent crude fell nearly 1 percent below $105 a barrel.
- Gold slips after Fed holds rates, PCE inflation data in focus
Spot gold fell 0.4% to $4,051.91 an ounce after the Fed held its benchmark rate unchanged in a 10-2 vote. Chair Kevin Warsh said the Fed could cut its scheduled policy meetings from eight to six annually starting next fall. Traders still expect a rate increase in December as high energy prices complicate efforts to control inflation, and they are waiting for Thursday's September PCE data. Gold has fallen 2.5% in October and is on track for a second straight monthly decline, after some investors sold bullion to cover losses from last week's AI-driven stock rout. Goldman Sachs estimates central banks bought 79 tonnes of gold in August, with China accounting for 25 tonnes; Rick Kanda of The Gold Bullion Company said sustained central-bank demand could support prices over the long term.
- Stock Market Today, Oct. 28: Markets Edge Higher as Fed Holds Rates Steady
The S&P 500 rose 0.28% to 7,744, the Nasdaq Composite gained 0.27% to 26,550 and the Dow Jones Industrial Average added 0.19% to 52,475 after the Federal Reserve held rates steady. Gold rose 0.10% to $4,068.14, while the 10-year Treasury yield climbed 0.02% to 5.02%, crossing the 5% threshold. Vertiv Holdings jumped nearly 17% on bullish long-term AI infrastructure demand forecasts, Oracle surged 11% after an investor day with new financial targets, and F5 plunged over 20% on its guidance and an analyst downgrade. Chair Kevin Warsh stressed the committee's commitment to reducing inflation, and officials said further data would inform rate decisions at the December meeting. After the bell, Microsoft beat expectations, particularly for its Azure cloud unit, while Alphabet shares slid after its revenue and sales fell short of analyst predictions.
- Why did the Fed hold off on raising interest rates? Warsh says it's because an 'information rich' period is coming.
- Precious Metals Buffeted By Higher Interest Rates, Deficits and Geopolitics
Precious metal prices have fallen sharply from their end-of-January peak, with gold down more than 20% and silver, platinum and palladium down more than 40% between late January and mid-October. The biggest factor is a shift in expectations from rate cuts to rate hikes, which followed the news of Kevin Warsh's nomination to lead the Federal Reserve; the Warsh Fed ended its easing bias in June, raised rates in September and signaled more could follow. Markets now price multiple rate hikes over the next 12 to 24 months, yet prices remain 24% to 100% above early 2025 levels depending on the metal. The article cites four supporting factors: large budget deficits, inflation above targets in most economies, Middle East war risks, and central-bank gold buying since 2008. The CBO estimates a U.S. budget deficit of 6.6% of GDP for the fiscal year ending September 2027, while the cost of servicing federal debt has risen from 1.2% to 3.4% of GDP.
- 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.
Related markets
Latest news
- CRWV, NBIS, IREN, APLD Stocks Drop After Microsoft Capex Falls Short On Delayed Third-Party Capacity
Neocloud stocks fell overnight after Microsoft reported fiscal Q1 CapEx of $45.2 billion, up about 30% year on year but below the $50.7 billion StreetAccount estimate and its own target of around $50 billion. Microsoft blamed delays in some third-party cloud capacity under contract, and CFO Amy Hood said CapEx would exceed $50 billion in Q2 and about $170 billion for the calendar year. Alphabet's Q3 CapEx of $51.36 billion also came in below the $55.09 billion expected, which investors read as a sign that capacity ramp-up at neocloud firms could slow. CoreWeave fell 5.8%, Nebius 6.3%, Iren 5.3% and Applied Digital 4.3%, while Iren had raised $363 million by refinancing recently purchased AI computing equipment through a six-lender syndicate. Bank of America also disclosed a 4.1% stake in Iren.
- MITTI LABS & SALESFORCE PARTNER TO SCALE WATER-SAVING RICE FARMING PRACTICES THAT REDUCE METHANE EMISSIONS
Mitti Labs announced a five-year carbon credit offtake agreement under which Salesforce will purchase 500,000 satellite-verified methane reduction credits by 2030 to support climate-smart rice farming across tens of thousands of smallholder farms in India. The practice, alternate irrigation, lets fields dry out during safe windows and can cut methane emissions by up to 50% and water use by up to 40% without affecting yields. Mitti Labs' agreement with Google came just weeks earlier, and the company plans to issue 2 million credits per year by 2028 from projects in India and Southeast Asia. Each credit is backed by field-level evidence, and the GeoAI platform, developed with NASA support, uses satellite radar and ground data to track flooding, soil moisture and crop health on individual plots.
- Broadcom Stock Is 29% Below Its Record. After Its New Anthropic Deal, I'd Consider Buying It a Little at a Time.
Broadcom stock has been nearly flat in 2026, trading around $342 and about 29% below its June 2 record close of $481.57. Bank of America, Blackstone, Citigroup and Morgan Stanley are providing $63 billion in funding to a new special purpose vehicle that will buy Broadcom's AI chips and lease them to Anthropic, with deliveries from 2027. Broadcom still keeps part of the risk, with maximum potential liability of about $43 billion in an SEC filing, and the combined liability caps of this deal and June's $35 billion financing come to about $72 billion. Broadcom reported a record $13.7 billion of free cash flow in fiscal Q3 2026. The author says the price already allows for much of the customer and financing risk and would consider buying shares a little at a time.
- Big Funds Buy the Dip in Gold, Silver After Sharp Selloff
After a sharp correction in precious metals, SPDR Gold Trust bought 1.7 tonnes of gold on Oct. 28, lifting holdings to about 1,043 tonnes, its second straight day of net buying. iShares Silver Trust (SLV) added about 42 tonnes of silver, bringing its total to 15,542 tonnes. Gold closed around 4,067 USD/ounce after rising for a third straight session, while silver was near 54 USD/ounce. The Fed held rates at 3.75%-4%, with a 10-2 vote; two members wanted a 25 basis point hike. Futures markets priced about an 83% chance of another 25 basis point hike at the Dec. 8-9 meeting, and the article notes higher rates could pressure gold and silver, with Q3 GDP and September PCE data being watched.
- Vietstock Technical Analysis: 10 Hot Stocks on 29/10/2026
Vietstock's technical analysis team highlights 10 hot stocks for short-term reference, namely CTG, CTD, EIB, GEX, HDB, STB, SAB, VNM, VCB and VIC, selected by market capitalisation, liquidity and investor interest. CTD has moved above its 50-day and 100-day SMAs and is near the upper Bollinger Band, with a Triangle pattern formed in early October 2026 and a price target of 73,000-74,000. HDB rose sharply on 28/10/2026 with a Big White Candle and broke its May 2026 high on volume well above its 20-day average, while VIC extended gains to six consecutive sessions but needs volume above its 20-day average to confirm the recovery. EIB formed a Three Black Crows pattern as it kept falling, while GEX rebounded with a Hammer candle on volume below its 20-day average, indicating caution among investors. The report also notes support zones based on earlier lows for STB (58,000-63,000), SAB (39,300-41,300), VNM (54,500-57,500) and VCB (52,600-56,000).
- Gelex Exceeds Full-Year Profit Plan After 9 Months
Gelex reported 9-month pre-tax profit of VND 3,931 billion, exceeding its full-year profit target by 8.8%, on consolidated net revenue of VND 39,158 billion, up 40.5%. In Q3, net revenue reached VND 13,957 billion, up nearly 42%, while pre-tax profit was VND 1,316 billion, up over 5%. Growth was driven by electrical equipment and industrial park infrastructure, with core profit at Gelex Electric (GEE) up 32%. Total assets stood at VND 83,379 billion as of Sept. 30, and VIS Rating kept its long-term rating at A with a positive outlook.
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.