Spot gold closed the 30/10 session down 146 USD at 3,874 USD an ounce, its lowest since October 2025, while silver fell nearly 6% to 49 USD, its first drop below 50 USD in 11 months, and palladium lost the 1,000 USD mark. Metals sold off alongside tech stocks as investors worried that large AI spending may not deliver adequate profits, and Commerzbank analysts said investors may have been forced to sell safe-haven assets to meet margin calls. Gold has fallen 30% from its 5,595 USD peak in January, mainly on expectations of prolonged high interest rates and subdued physical demand in Asia. Silver and platinum dropped 7-9% during the week and entered oversold territory for the first time in three years. HSBC forecasts the average silver price in 2027 at 64 USD an ounce, down from 71 USD this year.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá vàng thế giới lao dốc, xuống thấp nhất một năm
Read the original on VnExpress ↗
Keywords
goldsilverXAUUSDinterest ratesAI investment
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 10/30/2026 | 3,875.51 |
| Change that session | -3.63% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/30/2026 | 3,901.71 |
| Change that session | -2.81% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/30/2026 | 3,884.80 |
| Change that session | -3.05% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- 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.
- Gold , silver prices may see limited upside ahead of Diwali ; expert sees gold at Rs 1 . 5 lakh , silver at Rs 2 . 3 lakh
Gold and silver prices may see limited upside ahead of Diwali 2026, according to commodity expert Anuj Gupta in a Business Today report published October 17. He projects gold could move toward Rs 1.5 lakh per 10 grams and silver toward Rs 2.2–2.3 lakh per kg, supported by festive buying. Rising interest rates, inflation and growing investor interest in bonds could, however, limit gains, while silver also faces pressure from weak industrial demand, including concerns about China's solar industry. Gold has gained around 9% this year, while silver has declined nearly 9%. The article stresses that expert price targets are estimates, not guaranteed outcomes.
- Gold looks to housing , PMI and consumer sentiment data for direction next week
Gold enters the coming week with investors focused on U.S. housing, jobs and business activity data, which could shape expectations for Federal Reserve interest-rate policy. Bullion rebounded above $4,150 an ounce after pressure from stronger-than-expected U.S. inflation data, higher Treasury yields and a firmer dollar, while silver traded near $57 an ounce. Markets still favor a Fed pause at its October 27-28 meeting, though expectations for another rate hike before year-end remain elevated. Key releases include weekly jobless claims (199,000 in the latest report), the S&P Global Composite PMI Flash (previous 58.4) and the final University of Michigan Consumer Sentiment reading, after a preliminary reading fell to 48.1 from 51.0 in September.
- Gold bought since the start of the year has 'lost' over 50 million VND per tael
On the morning of October 27, the SJC gold bar price fell to 138.5-141.5 million VND per tael (buy-sell), down 200,000 VND from the previous morning and more than 50 million VND below the year's peak, while branded gold rings have dropped by a similar amount. SJC gold rings are quoted at 135-139 million VND per tael, Bảo Tín Minh Châu at 137-141 million, and Phú Quý at 137.5-140.5 million. World gold is at USD 4,009 per ounce, up USD 11, equivalent to 125.9 million VND per tael, while domestic silver bars fell 1 million VND per kg to 45-47 million VND per kg, down 76 million from the start-of-year peak of 123 million VND per kg. The State Bank's central rate is 25,633 VND per USD, up 6 dong, while Vietcombank quotes USD at 25,660-26,040 VND per USD.
- Gold silver rate today : Silver slips below ₹2 lakh amid selling pressure ; gold also declines
- Gold falls to 11 - week low ; silver slumps to lowest close this year ( GLD : NYSEARCA )
Related markets
Latest news
- Bank USD rates drop below 26,000 dong
For the first time in about a year and a half, many domestic banks quoted both buy and sell USD rates below 26,000 dong. At Vietcombank, the rate was 25,610 dong to buy and 25,990 dong to sell, down 30 dong from the start of the day; other state-owned banks ranged 25,440–25,980 dong, while Sacombank and TPBank still held selling rates near 26,000 dong. The bank rate is about 1.5% lower than at the start of the year, and the gap with the free market has widened again. MBS expects USD to strengthen in the final months of the year on high oil prices and Fed rates staying high, forecasting 26,800–27,000 dong by year-end. UOB, noting a Fed hike in September and possibly two more before Q1 2027, forecasts 26,300 dong in Q4, then 26,600 and 26,800 dong in Q1 and Q2 of next year.
- Prediction: Here's Where Corning Stock Will Trade in 2030
Corning shares have fallen since late June to about $132, under half the 52-week high of about $272. In its October 27 third-quarter report, the company said core sales rose 19% to $5.08 billion and adjusted EPS rose 36% to $0.91, topping management's forecast; optical communications sales grew 44%. The author estimates the stock could reach about $187 by end-2030, assuming 2030 adjusted EPS of $7.50 and a P/E ratio of 25, or roughly 9% annual returns before dividends. The author notes that investors usually pay less per dollar of earnings as a company matures; at a P/E of 20, the price would be about $150, or about 3% a year. The author views the stock as reasonably priced for its earnings growth, while remaining cautious about the valuation and noting dependence on AI spending by large tech firms.
- Nvidia weighs playing the cosigner for Nscale’s AI data center in West Virginia
According to The Information, later corroborated by Bloomberg, Nvidia is in talks to guarantee billions of dollars in debt financing for Nscale's planned Anthropic data center in West Virginia. Anthropic has signed a $44.6 billion contract for the first building alone, according to Nscale's IPO filing, and the companies are discussing a second deal worth roughly $45 billion. Under a residual value guarantee, Nvidia would step in if Nscale defaulted on construction payments, temporarily take over the facility, and help find a buyer or new tenant. Nscale is seeking a valuation of up to $35 billion in its IPO, but had about 25,000 advanced AI chips running in August, versus a planned nearly 500,000. One investor told The Information that Anthropic's involvement likely explains Nvidia's interest in keeping the project on track.
- Intel shares slump most in 50 years
Intel shares fell 29% in the October 30 session, their worst since the 1970s, after the company forecast below-expected results for the quarter. It expects EPS of only $0.25 on revenue of $15-16 billion, while analysts polled by LSEG had expected revenue above $17 billion and EPS of $0.43. The outlook also accounts for an early-month explosion at a chip plant in Israel that killed two workers and cost about $600 million in revenue over two quarters, as well as a continued decline in the PC market. The US government's and Nvidia's stakes in Intel lost $12 billion and $6 billion in value, respectively, in that session alone. CEO Lip-Bu Tan said Intel is ready to announce a few customers over the next two quarters and described 'remarkable' progress on its upcoming 14A chips.
- Global gold falls nearly 3% to one-year low
Spot gold fell 2.7% to USD 3,910.53 per ounce on October 30, its lowest since October 2025, while spot silver dropped 5.8% to USD 49.34, falling below USD 50 for the first time since November 2025. Gold is down 5.9% since the start of the month, its second straight monthly decline. Rising energy prices and persistent inflation worries reinforce expectations that US rates will stay high for longer, with the Fed and ECB both warning of inflation risks and US inflation picking up in September. Commerzbank said a sharp tech-stock sell-off may have forced some investors to sell assets to meet margin calls or cut leverage. Physical demand in India and China remained weak.
- Starbucks (SBUX) Targets 40,000 Overseas Stores As It Builds Three Cafes A Day
Starbucks (SBUX) has outlined a global expansion plan targeting nearly 40,000 new stores outside the US, roughly three new international coffeehouses a day. Management is pairing the rollout with investment in employee coaching and development across overseas markets. The article says the expansion would push more sales outside the US, while China shifts to a licensed joint venture model, and it notes that success depends on holding operating margins amid higher labor investment and unionisation pressures. The key reference point is fiscal 2027 guidance calling for about a 1% year-on-year decline in consolidated net revenue as China converts to the joint venture model.
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.