See the full story in the original article.
Read the original on sana.sy ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/20/2026 | 4,122.25 |
| Change that session | -0.28% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/20/2026 | 4,116.60 |
| Change that session | -0.42% |
XAU/USD
▼ Likely negativeRelevance: low
| Market | Gold |
|---|---|
| Close on 10/20/2026 | 4,125.21 |
| Change that session | -0.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- First Saudi Aramco diesel shipment arrives at Syria Baniyas oil terminal
The Syrian Petroleum Company began unloading the tanker Starling, carrying about 63,784 metric tons of diesel, at the Baniyas oil terminal on Monday, the first shipment from Saudi Aramco under their agreement. Officials described it as a trial shipment to secure petroleum products for the domestic market, following the processing of the first documentary credit for petroleum imports through the Central Bank of Syria, an official banking channel that could pave the way for broader cooperation. The central bank said the transaction was the first of its kind in 14 years.
- Gold miners face margin pressure as lower prices complicate third-quarter results
RBC Capital Markets says gold producers face a mixed third-quarter earnings season, as lower gold prices and higher costs pressure margins, partly offset by expected production gains. Average gold prices fell 6% quarter over quarter to $4,266 an ounce in Q3 from $4,513 in Q2, a second straight quarter of margin pressure. RBC stresses that execution through year-end matters, since many companies have production weighted to Q4. It also warns that consensus estimates for 2027 capital spending and costs look too low, raising the risk of downward revisions. Investors will focus on operational delivery and whether miners boost growth spending and acquisitions, though producers remain financially strong.
- Gold is no silver bullet and isn't hedging against equity drawdowns, but 'debasement trade' should continue – HSBC
HSBC strategists say gold can keep benefiting from the 'debasement trade' of shifting into hard assets as debt and inflation concerns linger, even after its recent weakness from above USD5,000 per ounce. But gold has not protected investors against recent stock pullbacks, largely moving in tandem with equities, as margin calls can force leveraged holders to sell. HSBC expects gold to stay rangebound near term amid high real yields and a strong dollar, though diversification demand, central bank buying and ETF inflows should support prices over the medium term. HSBC's James Steel cited strong institutional demand in China, with the Shanghai Gold Exchange premium around $20, and said the late-January peak near $5,400 per ounce came after a run-up he called 'a little robust'. The strategists conclude investors should diversify, since no single asset can weather every type of market stress.
- Trading Education : Gold falls despite lower yields : A lesson in trading what the market gives you
- RBC flags downside risks for gold shares ahead of quarterly results
RBC Capital Markets expects a mixed third-quarter reporting season for gold producers, as average gold prices fell 6% quarter on quarter to US$4,266 an ounce, a second consecutive quarterly decline, while elevated energy prices add to costs. RBC expects modest production gains and slightly lower all-in sustaining costs for the producers it covers, though inflation will limit the benefit. Its main risk lies in 2027 forecasts, where it expects all-in sustaining costs to rise 4% and capital expenditure 16%, above consensus of no cost growth and an 8% rise in capital spending, citing higher energy and labour costs, possible lower ore grades and more discretionary spending. Producers remain financially strong, with many in net cash and near-record free cash flow, and RBC sees valuations as 'reasonable' at 1.1 times price to net asset value, with free cash flow yields of 6% to 7% for 2026 and 2027. However, it warns that weaker gold prices, elevated earnings expectations and execution risks could weigh on shares.
- Gold price today, Thursday, October 22, 2026: No real upward price momentum for gold
Gold December futures opened at $4,159 per troy ounce on Thursday, up 0.2% from Wednesday's close, but fell to $4,104.30 by 6:25 a.m. ET as inflation concerns weighed on the metal. Gold is up 0.7% over one week, down 5.1% over one month, and up 0.5% over one year. Oil remains under upward pressure from attacks on shipping in the Strait of Hormuz and Houthi attacks on Saudi oil infrastructure, with Brent crude above $111 a barrel after a session high of $112.68. Analysts believe Iran is pushing energy costs higher ahead of the U.S. mid-term elections.
Related markets
Latest news
- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
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.