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Gold price today 24/10: World gold plunges, breaking below the USD 4,000/ounce mark

On the morning of 24/10, world gold was quoted on Kitco at USD 3,995 an ounce, down USD 31 from the early morning of 23/10 and below USD 4,000 for the first time since mid-July. For the week, precious metals lost about 4%, the steepest weekly drop since June, as inflation worries and expectations that the Fed will keep policy tight weighed on prices. A tech-stock selloff could force investors to sell gold and silver to meet margin calls. Jesse Colombo said gold is testing support at USD 3,900–4,000 an ounce, while SJC gold bars were quoted at VND 139–142 million per tael at 6am, down VND 300,000 in both directions.

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

Original headline: Giá vàng hôm nay 24/10: Vàng thế giới lao dốc, thủng mốc 4.000 USD/ounce

Read the original on CafeF ↗

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goldXAUUSDinflationFed

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Related tickers and likely impact

XAU/USD

▼ Likely negative

Relevance: high

MarketGold
Close on 10/23/20263,995.78
Change that session-0.72%
XAU/USD price, forecasts and signals →

PAXG/USDT

▼ Likely negative

PAX Gold

Relevance: high

MarketCrypto
ExchangeBinance
SectorReal-world assets
Market cap$1.8B
Close on 10/23/20264,003.77
Change that session-0.80%
PAXG/USDT price, forecasts and signals →

XAUT/USDT

▼ Likely negative

Tether Gold

Relevance: high

MarketCrypto
ExchangeBinance
SectorReal-world assets
Market cap$3.4B
Close on 10/23/20263,994.18
Change that session-0.89%
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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