Spot gold and silver fell sharply on the night of October 30, with gold dropping more than $120/oz in the session to around $3,900/oz, below the $4,000 level. The decline came as new attacks on commercial ships in the Strait of Hormuz pushed up crude oil prices and inflation concerns, even as U.S. wage growth showed signs of cooling. The Q3 labor cost index rose 0.8%, U.S. GDP grew 3.4% annualized, and September PCE rose 3.6% year on year, with core PCE up 3.1%. The Fed held its rate range at 3.75–4% on a 10-2 vote, with two members favoring a 0.25 percentage-point hike, and futures markets price about an 83% chance of a December hike. Gold is on track for a second consecutive monthly decline, while silver has weakened further on concerns about industrial demand.
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Original headline: Giá vàng lao dốc trong đêm 30/10
Keywords
goldXAUUSDFedoil pricesinflation
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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: medium
| 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: medium
| 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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