Spot gold fell USD 28 to USD 3,994 an ounce at the close of trading on 23/10, its lowest since mid-July, and dipped to USD 3,975 intraday. For the week, gold lost 4%, its steepest weekly decline since June, as Brent crude rose to USD 116.7 a barrel, a five-month high, after Houthi attacks on Saudi Arabia raised supply concerns. Jim Wyckoff of American Gold Exchange said inflation worries mean major central banks cannot ease policy soon, while a tech-stock selloff triggered margin calls that forced some investors to sell gold and silver. Markets price a 92% chance the Fed holds rates next week and a 78% chance of a hike in December. Silver fell 1.2%, while platinum and palladium lost nearly 1%.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá vàng thế giới tiếp tục giảm, xuống thấp nhất 3 tháng
Read the original on VnExpress ↗
Keywords
goldFedinflationoil pricesinterest rates
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 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/23/2026 | 4,003.77 |
| Change that session | -0.80% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/23/2026 | 3,994.18 |
| Change that session | -0.89% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- 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 hits 3-mth low as oil rally fuels rate concerns; set for weekly drop
Spot gold dipped 0.3% to $4,013.91 an ounce in Asian trade on Friday, after falling to a three-month low in the previous session. Oil prices kept rising after Yemen's Houthi group attacked targets in Saudi Arabia, with Brent crude reaching $114 a barrel, a fresh five-month high. Higher crude could keep inflation elevated and prompt central banks to stay restrictive for longer, which raises the opportunity cost of holding non-yielding gold. Recent US inflation data came in hotter than expected, and CME FedWatch shows a 78% probability of a December rate hike, although the Fed is widely expected to hold rates at its October 27-28 meeting. Gold was on track for a weekly loss of more than 3.5%, while silver fell nearly 6% on Thursday and platinum was flat at $1,567.10 an ounce.
- World gold prices plunge to 2-month low
Spot gold fell $114 to $4,023 an ounce at the close of trading on October 22, its lowest level since August 3, as concerns mounted that interest rates will stay high. Oil prices jumped 4% to a five-month high after Houthi attacks on Saudi Arabia, raising fears of renewed inflation, with Brent trading near $113 and WTI at $99 a barrel. U.S. inflation data released last week came in above expectations, reinforcing the case for the Fed to keep tightening, and the FedWatch tool shows investors pricing a 78% chance of a rate hike in December, although the Fed is not expected to act at next week's meeting. Silver fell 5.8% to $54 an ounce, while platinum and palladium dropped 3.8% and 3.4%, respectively.
- Gold Bar and Gold Ring Prices on the Afternoon of 21 October at SJC, PNJ, DOJI, Bảo Tín Minh Châu, Phú Quý
Early on 21 October, gold bars at SJC, PNJ, DOJI and Bảo Tín Mạnh Hải were quoted at about VND 139.6–142.6 million per lượng, while Bảo Tín Minh Châu listed VND 138.0–142.0 million. Plain gold rings were quoted at VND 138–138.5 million to buy and VND 141–142.5 million to sell. In international markets, spot gold fell sharply toward the 4,100 USD/ounce level, as persistent inflation and high oil prices reinforced expectations that the Fed would keep tightening. US housing starts fell 5.2% in September to 1.221 million units, showing that high borrowing costs are increasingly weighing on the economy. Futures markets price an 82.8% probability that the Fed holds rates steady at its 27–28 October meeting.
- Wholesale prices jumped 6 . 3 % annually in September , biggest gain since 2022 | Peak Oil News and Message Boards
September's producer price index rose 1.3% from August and 6.3% year over year, well above economists' forecasts of 0.6% and 5.5%, with the monthly and annual gains the largest since March 2022 and December 2022. Energy prices, pushed up by the Middle East conflict that curtailed oil supply, drove much of the increase, and almost half of the rise in processed goods for immediate demand was linked to higher diesel prices. Core PPI, excluding food and energy, rose 0.7% monthly and 5% annually. The consumer price index released Wednesday showed a 3.7% annual rise, and retail sales grew 0.8% in September, beating expectations of 0.4%, though spending excluding autos and gas stations rose only 0.25%, slower than about 1.1% previously. Fed funds futures now price a nearly 34% chance of a rate hike on Oct. 28, up from under 18% a week earlier, and about 90% expect at least one hike by year-end.
- World gold briefly drops below $4,000
Spot gold fell 0.6% to USD 3,998.49 an ounce on October 23, briefly dropping below USD 4,000 for the first time since mid-July, and was heading for its biggest weekly decline in over 4 months. Rising energy prices, with Brent crude hitting a 5-month high after Houthi attacks on Saudi Arabia, have fueled inflation worries and reinforced expectations that US interest rates will stay high. A tech-stock selloff also forced investors to post more margin, pushing them to sell gold and silver. According to CME's FedWatch tool, markets put a 92% chance on the Fed holding rates at next week's meeting and a 78% chance of a rate hike in December. Silver, palladium and platinum were also on track for weekly losses.
Related markets
Latest news
- Next week, a bank closes its record date for a 50% dividend, the highest in the sector in 2026
Techcombank (TCB) has set October 30, 2026 as the final registration date for its stock dividend, at a 50% ratio: shareholders holding 100 shares will receive 50 new shares. This is the highest ratio in the banking sector in 2026, above HDBank and LPBank (30%) and VPBank (26%). The bank plans to issue more than 3.543 billion shares, worth over 35,431 billion VND at par value, funded by undistributed profit in its audited 2025 financial statements. Charter capital is expected to rise from 70,862.4 billion VND to about 106,293.6 billion VND, overtaking MB (100,687 billion VND) and VPBank (100,000 billion VND) as the largest in the system. If the planned ESOP issuance is also completed, charter capital could reach nearly 106,600 billion VND.
- Stocks making big moves this week: Braze, Amkor, Oceaneering, Arhaus, and Silgan Holdings
Braze (BRZE) jumped 51.2% on Tuesday after Salesforce agreed to acquire the company for about $5.66 billion in enterprise value. Amkor (AMKR) rose 7.1% on Wednesday after announcing a new $1.3 billion agreement with NVIDIA to expand capacity in South Korea, bringing its multi-year commitments across Arizona and South Korea to $3 billion. Oceaneering (OII) fell 17.5% on Thursday after reporting a 26% year-over-year decline in third-quarter 2026 net income attributable to the company. Arhaus (ARHS) rose 2.6% on Wednesday as investors kept bidding up shares after Piper Sandler analyst Peter Keith upgraded the stock from Neutral to Overweight and raised his price target to $13 from $9. Silgan Holdings (SLGN) gained 5.1% on Monday after agreeing to combine its metal packaging business with Trivium Packaging in a deal that delivers $2.3 billion in cash proceeds.
- International Business : Euro zone private sector growth slows
Euro zone private sector growth slowed in October to its weakest pace in four months, as energy-driven cost increases and a renewed contraction in France weighed on activity. The S&P Global flash Composite PMI Output Index fell to 51.9 from 53.1 in September, its lowest since June and below all forecasts in a Reuters poll that had predicted 52.7. Input costs rose sharply again, linked to higher energy, fuel and transport costs partly due to the Middle East war, and firms raised selling prices at a slower pace than in September. Higher interest rates are also beginning to dampen demand, and a Reuters poll expects the ECB to hold its deposit rate at 2.50% next week before raising it by 25 basis points in December. Business confidence fell to a five-month low, with France standing out for pessimism, as its PMI pointed to contraction and confidence hit its lowest since 2012 outside the pandemic period.
- Gold next evolution
The article argues that tokenization could give gold a larger role in the financial system, with the World Gold Council estimating it could unlock up to $700 billion in latent investment demand. This comes as U.S. real yields have climbed to their highest level in 19 years, raising the opportunity cost of holding gold, which does not generate income. Tokenized gold could let financial institutions use gold more efficiently as collateral, finance transactions, meet margin requirements and access liquidity without selling their holdings. The article notes challenges such as the need for trusted custodians, transparent ownership structures, reliable redemption mechanisms and common standards to avoid a fragmented market. It also stresses that tokenization would not remove gold's sensitivity to real yields or turn it into an income-producing asset.
- International Business : Tech selloff relents as oil prices hit five - month high
The global tech selloff eased after fears over the vast funding needs of AI hit Wall Street and triggered the biggest rally in US Treasuries in more than three years. Brent oil, however, hit a new five-month high of $115 a barrel after Houthi attacks on Saudi Arabia and reports that the US and Israel had drawn up plans for renewed strikes on Iran after the US midterm elections. European natural gas prices climbed another 4% and were almost 30% higher so far this month. The Nasdaq had tumbled 2.6% on Thursday, its biggest slump since June, while the Philadelphia SE Semiconductor Index plunged almost 7%. Japan's Nikkei ended its week down over 4%, while mainland China's CSI300 rose 1.7% after hitting its lowest level since July 2025.
- Wall Street doubts gold near - term strength , Main Street maintains bullish minority as central banks take center stage
Gold fell sharply over the week as rising oil prices, persistent inflation worries and expectations of further Federal Reserve tightening outweighed safe-haven demand. A technology-led equity selloff on Thursday triggered more liquidations and pushed spot gold back below $4,000 per ounce. Gold hit a weekly low of $3,975.10 per ounce, its lowest since early June, after trading at $4,164.69 on Sunday evening. The latest Kitco survey showed Wall Street pessimism rising while Main Street kept a more bullish minority view. Several analysts still see $4,000 as support, though others point to weak technical signals and thin liquidity, with daily volumes around 129,000 contracts.
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.