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- Plain gold ring and gold bar prices, morning of November 2, at SJC, PNJ, DOJI, Bảo Tín Minh Châu and Bảo Tín Mạnh Hải
Vietnam's domestic gold opened lower on the morning of November 2 after a sharp drop the previous week, with SJC gold bars offered at VND 139 million per tael and gold rings quoted at VND 135.8–138 million across brands. Spot gold stood at USD 3,895/oz, up 0.55%, after falling more than 3% last week and losing the USD 4,000 level, having hit its lowest in over a year amid a hawkish Fed, strong US data and a tech stock sell-off. In a Kitco survey, 63% of 16 professionals expected prices to keep falling, while 53% of 184 individual investors expected a rise. Marc Chandler said gold could retreat to USD 3,750–3,850/oz if it sets new lows this year, while Alex Kuptsikevich noted the downtrend has lasted nearly two and a half months and some investors may be forced to sell to meet margin calls. The October nonfarm payrolls report, due next Friday, is seen as a key test for expectations of a Fed rate hike in December.
- Not just the exchange rate: What is driving businesses to trade the Chinese yuan?
China remains Vietnam's largest trading partner: in the first nine months of 2026, bilateral trade reached USD 253.1 billion, up 37.6%, including exports to China of USD 65.8 billion (up 32.9%) and imports of USD 187.3 billion (up 39.3%). As trade flows grow, businesses are paying more attention to payment methods that help control costs and limit exchange-rate risk, and the yuan has risen about 4.6% against the USD and about 3% against the VND since the start of 2026. The article also highlights smart border gate projects such as Móng Cái - Đông Hưng and Hữu Nghị - Hữu Nghị Quan, which aim to cut customs clearance to 4-6 hours and reduce costs by 30-40%. To support businesses, ACB is offering exchange-rate preferences of up to VND 30 per CNY on both buying and selling until 31 December 2026, alongside cross-border payment, trade finance and document support services.
- If I Could Only Buy and Hold 1 "Magnificent Seven" Stock Through 2030, It Would Be This One
The author judges Nvidia the best pick among the Magnificent Seven through 2030, as its GPUs are widely used for AI workloads and many companies in the group are spending hundreds of billions of dollars on AI infrastructure each year. Nvidia projects global annual data center capital expenditures will reach USD 3–4 trillion by 2030 and expects 70% revenue growth in 2027. The five largest AI hyperscalers are estimated to spend nearly USD 800 billion this year and USD 1.3 trillion next year. If revenue grows 70% in 2027 and doubles again from 2028 to 2030, total growth would reach 240%, far above Meta, the next fastest grower at 26%. The article also notes Nvidia's stock has not had its best year and that the company reports earnings near the end of November.
- Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack
Binance reported $3.64 billion in net outflows after reopening withdrawals on Sunday, as customers rushed to move funds following a $6.3 billion hack. Between 6 a.m. and 3:30 p.m. UTC, the exchange processed $4.65 billion in withdrawals and $1.01 billion in deposits. The net outflows equaled 2.1% of its $171 billion in total assets, based on its latest proof-of-reserves data. Most of the outflows happened in the first couple of hours, and withdrawal volumes have since stabilized, with services restored in phases across 15 networks while testing continues for the rest. The FBI attributed the hack to North Korean hackers known as TraderTraitor, and Binance said it had covered about 95% of the lost funds and would absorb the losses rather than pass them on to users.
- Titan Minerals expands Dynasty gold system in September quarter as Linderos copper JV advances
Titan Minerals reported a new gold-silver discovery at the Brecha-Comanche target within its 100%-owned Dynasty project in Ecuador, where hole CVDD26-199 intersected 33.5 metres at 6.6 g/t gold and 55.5 g/t silver outside the existing resource. The company increased its drilling to four diamond rigs, began reverse circulation drilling in October, and targets an updated Dynasty resource estimate and scoping study in the first quarter of 2027. At the Linderos copper project, Hancock subsidiary Hanrine spent US$20 million to lift its interest to 51%, with Titan keeping 49% and being free-carried until Hanrine reaches 80%. At quarter-end Titan held US$2.83 million in cash (about A$4.08 million), spent US$2.41 million on exploration and evaluation, and reported around 0.89 quarters of funding availability.
- Binance net outflows surge to $5.8B as withdrawals resume after record hack
According to DefiLlama data, Binance recorded $5.8 billion in net outflows over the past 24 hours as customers withdrew funds after the record $6.3 billion hack. By 3:30 p.m. UTC, the exchange had processed $4.6 billion in withdrawals against $1 billion in deposits, resulting in $3.6 billion in net outflows. Binance said withdrawals surged initially but have since slowed and stabilized, and that the outflows were a small fraction of its roughly $171 billion in assets. By 12:36 UTC, withdrawals were enabled for tokens across 15 networks, including Bitcoin, Ethereum, BNB Smart Chain and XRP Ledger, with USDT, USDC and Bitcoin the most withdrawn. On Saturday, Binance said it had replaced 90% of the lost assets using its corporate treasury, Secure Asset Fund for Users and futures insurance fund.
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