Spot gold fell nearly $119, about 2.95%, to around $3,901/oz, its lowest in roughly a year and more than $1,000 below its peak above $5,000 earlier this year. Rate expectations weighed on prices: US Q3 employment costs rose 0.8%, Q3 GDP grew 3.4% year on year and September PCE climbed 3.6%, pushing back hopes for an early Fed easing. The Fed held its target rate at 3.75-4.00% with a 10-2 vote, and two members wanted a 25 basis-point hike. Gold kept falling despite higher oil prices after a tanker attack in the Strait of Hormuz, as the 10-year Treasury yield eased about 7 basis points to 4.98%. Silver also slid to about $49/oz, its lowest in over a year.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá vàng lao dốc xuyên thủng mốc 4.000 USD/oz, chuyện gì đang xảy ra?
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goldXAUUSDFedinterest ratesoil prices
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/29/2026 | 4,021.63 |
| Change that session | -1.13% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/29/2026 | 4,014.37 |
| Change that session | -1.02% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/29/2026 | 4,007.09 |
| Change that session | -1.03% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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