Spot gold rose 1.8% to 3,943.62 USD/ounce on Nov 2, recovering from a one-year low reached in the previous session, when it fell 3.6% on Oct 30 to its lowest since October 2025. Oil prices dropped about 8% that day as Iran and Qatar held a third consecutive day of talks aimed at ending the war launched by the US and Israel against Iran, easing inflation worries. Peter Grant of Zaner Metals said markets still expect the Fed to raise rates in December, though CME Group's FedWatch tool puts the probability at about 75%, down from 80% a week earlier. Gold was also sold off during the Oct 30 tech and AI-linked stock sell-off, as margin calls forced investors to liquidate safe-haven assets. Silver rose 2.9% to 50.54 USD/ounce, platinum gained 1.3% to 1,449.70 USD/ounce, and palladium fell 1.1% to 965.91 USD/ounce.
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Original headline: Vàng thế giới phục hồi từ đáy một năm
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Related tickers and likely impact
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/02/2026 | 3,952.77 |
| Change that session | +1.07% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 11/02/2026 | 3,938.98 |
| Change that session | +1.16% |
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 11/02/2026 | 3,946.68 |
| Change that session | +1.84% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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