Domestic gold prices fell 800,000 to 1.3 million VND per tael on the morning of 30/10, hitting their lowest level in a month. SJC, PNJ and Bảo Tín Mạnh Hải quoted bid prices of 138.4 million VND and ask prices of 141.4 million VND per tael, while Mi Hồng's bid was 139.9 million VND; gold rings also dropped by 800,000 to 1.3 million VND per tael, with prices varying by brand. Spot gold in the early hours of 30/10 traded at 4,023.8 USD per ounce, down 6.6 USD (0.16%). Gold has been under pressure as the US economy grew faster than forecast and inflation remained high, reinforcing expectations that the Fed will keep tightening and raise rates by year-end, while lower oil prices and new US-Iran diplomatic signals eased energy inflation concerns. The Fed held rates steady with a 10-2 vote, and a stable US labour market could leave room for a rate hike in December.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá vàng hôm nay 30/10: Lao dốc về đáy trong 1 tháng qua
Keywords
goldFedinterest ratesinflation
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 10/29/2026 | 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.
Related news
- Global gold falls near $4,000 mark
Spot gold fell 1% to $4,026.12 an ounce in the 29 October session after US inflation data showed price pressures remained high, reinforcing expectations that the Fed will raise interest rates later this year. The PCE price index rose 0.5% in September after a 0.3% gain in August, as consumers paid more for gasoline and other goods. According to CME Group's FedWatch tool, traders are pricing in about an 83% chance of a Fed rate hike in December. Higher rates raise the opportunity cost of holding non-yielding gold, and David Meger of High Ridge Futures said persistent inflation above the Fed's target is the main pressure on the market. December gold futures slipped 0.3% to $4,037.60, while silver fell 2.7% to $52.54, platinum dropped 3.7% to $1,486.47 and palladium lost 0.7% to $1,003.58.
- Gold bar and gold ring prices today (30/10) at SJC, DOJI, Phú Quý, PNJ, Bảo Tín Minh Châu...: How much per chỉ?
Domestic gold prices were unchanged from the previous session's close early on 30/10. Gold bars at SJC, DOJI, Phú Quý and PNJ were quoted at 139.7–142.7 million VND per lượng (buy–sell), while SJC gold rings were at 135.5–139.5 million VND per lượng. Globally, spot gold fell 1.4% to $4,008.76/ounce in the 29/10 US session, and December futures dropped 0.5% to $4,031.40/ounce. The decline reflected stronger-than-expected US data, including Q3 GDP growth of 3.4% and a 0.5% month-on-month rise in September PCE, which heightened inflation concerns. Reuters reported markets price about an 80% chance the Fed raises rates in December, making non-yielding gold less attractive to investors.
- 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.
- World gold rises nearly 1% as oil prices ease ahead of Fed meeting
Spot gold rose 0.9% to US$4,051.78 per ounce on October 27 after dipping to US$3,987.14 intraday, as lower oil prices eased inflation concerns and investors awaited the Federal Reserve's policy meeting. Analyst Peter Grant of Zaner Metals said softer oil could help gold by reducing pressure on the Fed to stay tight, while market focus stayed on Middle East news and negotiations. Jim Wyckoff of American Gold Exchange warned that a sustained rise in crude could fuel inflation and push central banks to tighten, which would weigh on gold. The Fed signaled it would not raise short-term rates this week, while CME's FedWatch tool shows an 83% probability of a December hike. In a Reuters survey, analysts cut their 2026 gold forecasts for a second straight quarter, citing high Treasury yields, a strong dollar and expectations of higher rates for longer, though they still see a recovery in 2027.
- Gold slips near $4,010 as traders await Fed decision, Iran diplomacy offers hope
Gold edged lower on Tuesday as investors awaited the Federal Reserve's policy decision this week, while diplomatic efforts to ease the U.S.-Iran conflict offered some relief to energy markets. XAU/USD fell 0.2% to $4,010.39 an ounce, and U.S. gold futures declined 0.3% to $4,023.57. Markets priced in roughly a 10% chance of a Fed rate hike at this week's meeting, though high energy prices kept expectations of a hike before year-end alive and inflation concerns continued to weigh on bullion. The U.S. Dollar Index rose marginally to 102.04.
- Gold Rises Nearly 1% Ahead of Fed Meeting
Spot gold rose 0.6% to 4,020.60 USD/ounce on October 26, recovering from a low of 3,975 USD/ounce the previous day, the lowest since July 20, as falling oil prices eased inflation worries. Markets largely expect the Fed to keep rates unchanged at its Wednesday decision, while CME's FedWatch tool puts an 80% probability on a rate hike in December. Investors are also awaiting US PCE data due Thursday and the November 3 midterm elections. Silver gained 0.2% to 54.01 USD/ounce, platinum fell 1.2% to 1,532.55 USD/ounce, and palladium rose 0.5% to 1,048.70 USD/ounce. Russia's Nornickel said a planned major overhaul of a large smelting furnace could reduce output of its key metals in 2027-2028.
Related markets
Latest news
- Amazon CEO Andy Jassy Just Made a Wild Prediction. It Could Make the Tech Giant a Big Winner.
Amazon shares fell about 7% in after-hours trading after its third-quarter report, as revenue rose 12% to $201.9 billion, slightly below the $202.3 billion estimate. Operating income climbed 61% to $28.1 billion, but free cash flow over the past four quarters showed a $42 billion loss, and the company kept its $220 billion capex forecast for the year. CEO Andy Jassy said the company could have two businesses with over $1 trillion in annual revenue within 5-10 years: e-commerce, which generated $638.3 billion over the last four quarters, and Amazon Web Services, which brought in $165.2 billion. The article notes the company expects at least 40% AWS growth in 2027 and 2028, after which 20% annual growth would illustratively reach $1 trillion, and argues the stock now trades at a lower price after the sell-off.
- Asian tech stocks slump as AI rout deepens on disappointing U.S. earnings
Asian technology stocks fell sharply on Friday as fears over a slowing AI trade were amplified by weak earnings from major U.S. companies. Chipmakers were hit hardest: TSMC fell 1.8% in Taiwan, Foxconn dropped 3%, Samsung Electronics slid 5.9% after its third-quarter results missed lofty expectations, and SK Hynix fell 8.3%. In Japan, Murata Mfg slid 11% ahead of its September-quarter earnings and SoftBank Group dropped nearly 7%. Intel's drop of over 20% on Thursday evening, after its fourth-quarter guidance underwhelmed, weighed on the sector, while disappointing results from Amazon and Alphabet intensified doubts over returns on AI infrastructure spending. The Bank of Japan kept rates steady but said inflation had reached its 2% target and signaled a sharp increase in sales of its ETF holdings, adding pressure on Japanese equities.
- Bank Posts Nearly 55% Loan Growth in Nine Months, Pre-tax Profit 2.4 Times Year-on-Year
Ngân hàng TMCP Quốc Dân (NCB, ticker NVB) reported nine-month pre-tax profit of 1,574 billion VND, up 141% year on year, including 847 billion VND in the third quarter. Net interest income reached 3,334 billion VND for nine months, up 71% and accounting for about 85% of total operating income. Outstanding customer loans stood at about 150,661 billion VND as of 30/9/2026, up 54.5% from end-2025, which the article describes as the strongest loan growth in the system over nine months. Credit provision expenses rose more than 170% to about 766 billion VND. Receivables jumped from about 3,346 billion VND to 29,088 billion VND in one quarter, and the bank has provided no detailed explanation of this item.
- Electricity Prices Could Fall from November 1
Households and businesses may receive electricity price cuts for 5 months starting November 1. On October 27, Deputy Prime Minister Nguyễn Văn Thắng asked Tập đoàn Điện lực Việt Nam (EVN) to urgently review and cut costs, prepare a plan to lower average retail electricity prices, and review a proposal to set the special consumption tax on gasoline to 0%. According to the Statistics Office (Cục Thống kê), residential electricity accounts for about 4.8% of the CPI basket, so a price cut could help ease inflation pressure and support growth. In the first 8 months of 2026, EVN reported profit of over 12,000 billion VND and had cleared its accumulated losses under consolidated financial statements by the end of June, which provides room to cut prices. The Ministry of Industry and Trade has asked EVN to finalize the plan and will give its opinion, and if the matter exceeds its authority, it will report to the Government.
- EVS Securities adds acting CEO to board of directors
At an extraordinary general meeting held on the afternoon of October 29, EVS shareholders removed Nguyễn Thanh Hải from the board following his resignation and elected Acting CEO Nguyễn Trần Minh Quân to the board for the rest of the 2026–2030 term. Quân directly holds 8 million EVS shares, or 4.85%. The meeting also extended the due date of a receivable from Tiến Thành Consulting Services Company Limited to June 30, 2027; as of September 30, 2026, Tiến Thành owed nearly VND 519 billion, secured by 51.9 million shares of MNXC. Shareholders also approved restructuring, cost cuts, and a central counterparty (CCP) clearing and settlement service for securities transactions.
- Drilling over 7,200 meters, Petrobras finds three oil-bearing layers with reserves of up to 10 billion barrels
On October 29, Petrobras announced a third oil-bearing layer at its Morpho well in block FZA-M-59 in the Foz do Amazonas basin, the third oil find at the same well after results in August and early October, and said drilling and geological data collection are complete. The well lies about 175 km off the coast of Amapá, with a planned final depth of about 7,237 m measured from the sea surface, and drilling began on October 20, 2025. Petrobras has not disclosed reserves, but Brazil's government energy research agency EPE estimates the northwest of the basin holds about 6.2 billion barrels of oil equivalent recoverable, with total potential of up to 10 billion barrels of oil equivalent. Petrobras will not produce from Morpho immediately and plans to drill three more wells in the area to assess whether commercial production is viable.
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.