See the full story in the original article.
Read the original on business-standard.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/22/2026 | 4,036.10 |
| Change that session | -2.23% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/22/2026 | 4,030.01 |
| Change that session | -2.29% |
XAU/USD
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Gold climbs ₹400 to ₹1 . 5 lakh per 10 gm as festive buying elevates demand
Gold in Delhi rose ₹400 to ₹1,50,300 per 10 grams on Monday from ₹1,49,900 on Friday, as improving festive demand and firmer global trends supported prices ahead of Dussehra. Silver held steady at ₹2.15 lakh per kg. HDFC Securities' Saumil Gandhi said physical demand has improved, with gold trading at a premium last week for the first time in over three months, and retail buying is expected to strengthen before Diwali. Globally, spot gold traded at $4,175.57 per ounce and silver rose over 1% to $57.63, as easing crude oil prices and lower US Treasury yields eased inflation concerns.
- Gold falls to 11 - week low ; silver slumps to lowest close this year ( GLD : NYSEARCA )
- Gold Fund Gains 0.34% as Silver Fund Rises 0.27% | Gold & Silver, Oct 21
The gold fund GLD rose 0.34% to US$378.90 and the silver fund SLV gained 0.27% to US$52.26 on Wednesday 21 October, while the gold-miners fund GDX rose 0.72%. A dealer report from USAGOLD put spot gold near US$4,120 an ounce and spot silver near US$57.30, down about 1%, so the fund and spot readings for silver moved in different directions. The article could not confirm an official spot price or a single trigger for the day's move. Traders are weighing further US interest-rate rises ahead of the Federal Reserve meeting on 27–28 October. Polymarket bets gave 69.0% to two Fed rate rises in 2026, on US$1.13 million traded; the article stresses these are bets, not forecasts.
- Royal Mint sees record silver and platinum sales , renewed gold demand despite higher prices and rising bond yields
Britain's Royal Mint reported record year-to-date silver and platinum sales, with purchases of silver bullion on its website up 295% and platinum bullion revenue up 118% in the first nine months of 2026 versus 2025. Gold coin revenue rose 21% in the third quarter from the previous quarter, and first-time buyers accounted for 29% of purchasing customers. In contrast, the U.S. Mint has sold only 111,500 ounces of gold this year and is on track for its worst performance since 2000, as inflation pushed U.S. bond yields above 5% and weakened demand. Markets are pricing in one Federal Reserve rate hike by year-end.
- Silver price today, Wednesday, October 21, 2026: Silver prices showing more resilience than gold
Silver December futures opened at $58.15 per ounce on Wednesday, October 21, 2026, up 0.3% from Tuesday's open, but had slipped to $57.68 by 7:00 a.m. ET. Compared with a week earlier, the opening price was up 2.5%; it was down 12.5% from a month earlier and up 14.5% from a year earlier. The article says silver is in a better position than gold this morning, as gold's open was lower than its level one week, one month and one year earlier. It notes that silver's industrial demand, used in solar panels, electronics and medical devices, can make its prices move more sharply than gold, which is viewed as a store of value.
- Gold and Silver Prices on Oct. 20 Fall Sharply: Phu Quy, Bao Tin Minh Chau Announce Major Changes
SJC gold at Phu Quy on October 20 was quoted at 138.5 million VND per tael to buy and 142 million VND to sell, down about 0.5 million VND from the previous day, while Phu Quy's 1kg silver bar was around 52.8 million VND per kg to buy. Bao Tin Manh Hai cut 24K gold products by 800,000 VND per tael and its 1kg silver bar by 800,000 VND per kg. Global gold traded around $4,135-4,136 per ounce and silver around $57.02, under pressure from U.S. September CPI up 3.7% and PPI up 1.3%. From mid-October, gold transactions of 5 million VND or more in a day must be paid by non-cash means, and Phu Quy accepts only transfers from bank accounts in the customer's own name, not e-wallets.
Related markets
Latest news
- Russia-Ukraine: Is peace within reach?
Russia and Ukraine have both signaled readiness to resume talks mediated by the US, after US envoy Steve Witkoff met President Putin in St. Petersburg on October 21. Reuters reports that Yuri Ushakov acknowledged US proposals from Oslo did not fully meet Moscow's wishes, and the timing of a trilateral round is still unsettled: Kyiv wants early November, while the Kremlin points to after November 10. Meanwhile, Zelensky said Russia fired 21 ballistic missiles on October 22, and Russian officials said Ukraine launched 630 UAVs toward Moscow, figures not yet fully verified by third parties. Moscow seeks a long-term security settlement rather than a short-term ceasefire, while Donbas, territory and military limits remain the key sticking point, with Kyiv opposing ceding areas it still controls.
- Stock Market: Will S&P 500 Open Up or Down Today?
U.S. stock futures were slightly lower early Friday as Wall Street dealt with geopolitical stalemates, soaring oil prices and fresh regulatory scrutiny of prediction markets. The article also notes that the crowd on Polymarket, a prediction platform based on Polygon (CRYPTO: POL), was nearly evenly split.
- Proposal to let the Government decide on extraordinary investment incentive and support packages
A draft amendment to the Investment Law, presented to the National Assembly by Finance Minister Ngô Văn Tuấn, would widen market access for foreign investors and add incentives to promote the green and digital economies. The draft adds 4 new forms of investment support: supply chain development, high-tech product manufacturing, fixed-asset investment, and business cooperation with universities, vocational schools and science and technology organisations, plus exemptions or reductions of sea-area use fees. Under the proposal, the Government could decide on extraordinary incentive packages tied to foreign-invested firms' commitments on technology, R&D, local value added, and green and digital transformation. The Economic and Financial Committee asked that the power to loosen market-access conditions be carefully weighed and that criteria for special incentives be set out in the law itself.
- Pre-tax profit up 5% in 9 months, Imexpharm holds steady amid headwinds
For the first nine months of 2026, Imexpharm (ticker IMP) booked net revenue of VND 1,652 billion, down 8% year on year, but pre-tax profit reached VND 326 billion, up 5% and completing 65% of its annual plan. Gross margin improved from 39.7% to 41.5% and EBITDA margin reached 24.3%, up 2 percentage points, helped by production optimisation and lower operating costs. Q3 revenue from its pharmacy chain rose 206% year on year, while ETC channel revenue grew 10% in the quarter, narrowing the cumulative decline to 2%. The company said it was affected by changes to prescription drug regulation, tax policy for household businesses and competitive pressure, and was named to Top 50 ESG Leaders Vietnam 2026 by Forbes Việt Nam.
- This Top Investment Strategist Thinks a Bitcoin Supercycle Is Coming Soon. Here's Why He's Wrong.
The article argues a Bitcoin “supercycle” probably isn't coming soon and that past supercycle calls have a poor record. James Thorne, chief market strategist at Wellington-Altus Private Wealth, said in an interview with Bitcoin Magazine on Oct. 15 that he expects a run “for the ages” and that the four-year cycle is no longer relevant. He cites the Genius Act stablecoin law, growing asset tokenization, and spot Bitcoin ETFs that had drawn $57.8 billion in cumulative net inflows as of Oct. 20. The article counters that “supercycle” has no fixed definition and that such predictions often appear early in bull markets and have failed before, and it outlines an approach of accumulating Bitcoin gradually in small amounts, without overweighting it in the portfolio, and holding for at least five years.
- Defense giant Saab sees orders triple after Gripen fighter jet deal with Ukraine
Saab reported third-quarter earnings and revenue above expectations, with new orders more than tripling from a year earlier to 65.8 billion Swedish kronor ($6.6 billion), boosted by the Gripen deal with Ukraine. Third-quarter sales reached 20.6 billion kronor and EBIT reached 1.95 billion kronor, both ahead of FactSet forecasts of 20 billion and 1.9 billion kronor. The 24.6 billion kronor contract for 16 Gripen E jets for Ukraine was signed in June, with deliveries scheduled for 2029-2030, while other orders included 10.1 billion kronor for GlobalEye for a Middle East customer and 8.7 billion kronor for systems for German frigates. CEO Micael Johansson said growing customer demand is reflected in major contract awards, but Saab shares have fallen in recent months as some investors question whether valuations have outpaced the industry's ability to deliver.
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.