Spot gold fell 3.58% to $3,875.53 per ounce, its lowest level since October 2025, as a wave of tech-stock selling heightened concerns about returns on AI investments. Silver dropped 6.5% to $49 per ounce, breaking below $50 for the first time in 11 months, while palladium lost the $1,000 mark and platinum faced heavy selling. Commerzbank said the tech-stock slump could trigger selling of safe-haven assets such as gold, but still expects precious metals to recover. Gold has fallen about 30% from its record high of $5,595 per ounce in January, weighed down by expectations of interest rates staying high for longer and weaker gold demand in Asia. HSBC forecasts silver's 2027 average at $64 per ounce, down from its $71 forecast for 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' mạnh nhất 1 năm qua
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goldsilvercommoditiesinterest ratesXAUUSD
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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% |
PNJ
▼ Likely negativePhu Nhuan Jewelry
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Retail |
| Industry | Specialty Retailers |
| Market cap | 8,213 bn VND |
| P/E | 3.4 |
| P/B | 0.61 |
| Close on 10/30/2026 | 15.50 |
| Change that session | -3.43% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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