Spot gold dipped to 3,870 USD/ounce before trading near 3,874 USD/ounce, down more than 146 USD (about 3.6%) in one session and at its lowest level in over a year. Silver fell more than 3 USD (nearly 6%) to around 49 USD/ounce, touching 48.7 USD intraday. Even as prices fell, SPDR Gold Trust bought 0.57 tonnes of gold, lifting holdings to 1,041.65 tonnes, and iShares Silver Trust (SLV) added 103.85 tonnes of silver, bringing its holdings to about 15,650 tonnes. The slide came as markets reassessed Fed policy: the Fed held rates at 3.75-4.00%, but two FOMC members backed a 25 basis-point hike, while stronger-than-expected US third-quarter GDP growth of 3.4% and elevated core inflation kept expectations for tighter policy for longer. Higher oil prices from tensions with Iran add to inflation risks, so high-rate expectations could weigh on gold in the short term, though some investors see deep pullbacks as chances to accumulate for the long term.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Vàng rơi gần 4%, bạc mất 6%, loạt cá mập mạnh tay "gom hàng"
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goldsilverFedinterest ratesoil prices
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/30/2026 | 3,875.51 |
| Change that session | -3.63% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/30/2026 | 3,901.71 |
| Change that session | -2.81% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/30/2026 | 3,884.80 |
| Change that session | -3.05% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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