News · CafeF

Gold plunges, investors lose tens of millions of dong per tael

World spot gold fell 146 USD on the morning of October 31 to 3,875 USD/ounce, its lowest since October 2025 and more than 30% below the peak of about 5,595 USD/ounce in January 2026. Domestic SJC gold bars dropped 2.4 million VND per tael to 136–139 million VND per tael (buy–sell). The gap between domestic and converted world prices remains near 19 million VND per tael, while the SJC bar buy-sell spread is about 3 million VND per tael, meaning buyers could lose money if they sell immediately at the listed price. PGS.TS Đinh Trọng Thịnh attributes the drop to shifts in US monetary policy expectations, profit-taking after a sharp rally, and changes in capital flows. TS Nguyễn Trí Hiếu identifies five factor groups to watch through the end of 2026: Fed policy, the US dollar and Treasury yields, geopolitics and energy prices, central bank gold buying, and ETF, futures and physical demand flows.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Vàng lao dốc, nhà đầu tư lỗ hàng chục triệu đồng mỗi lượng

Read the original on CafeF ↗

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Related tickers and likely impact

XAU/USD

▼ Likely negative

Relevance: high

MarketGold
Close on 10/30/20263,875.51
Change that session-3.63%
XAU/USD price, forecasts and signals →

PAXG/USDT

▼ Likely negative

PAX Gold

Relevance: medium

MarketCrypto
ExchangeBinance
SectorReal-world assets
Market cap$1.8B
Close on 10/30/20263,901.71
Change that session-2.81%
PAXG/USDT price, forecasts and signals →

XAUT/USDT

▼ Likely negative

Tether Gold

Relevance: medium

MarketCrypto
ExchangeBinance
SectorReal-world assets
Market cap$3.2B
Close on 10/30/20263,884.80
Change that session-3.05%
XAUT/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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