Spot gold fell 0.7% to $3,920.44 per ounce on Tuesday, erasing part of Monday's 1.9% gain as selling spread across precious metals. Investors weighed US-Iran peace talks, inflation expectations and the upcoming US midterm elections. Silver dropped 2.8% to $49.2455 per ounce, platinum fell 1% to $1,432.32 and spot palladium lost 1.6% to $952.15, while the US Dollar Index edged down 0.1% to 101.75. Gold had lost 6.8% in October, falling below $4,000 and hitting a one-year low. Lower oil prices have eased inflation worries, while some investors sold gold to cover losses from a slump in AI-related stocks.
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 11/02/2026 | 3,946.68 |
| Change that session | +1.84% |
PAXG/USDT
▼ Likely negativePAX 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 negativeTether 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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Domestic SJC gold bars were quoted at 138.2-141.2 million VND per tael on the morning of 3 November, up 1.2 million from the previous session and 2.2 million over two days. SJC gold rings rose 1.2 million to 134-138 million VND per tael, while PNJ and DOJI traded around 135.5-139.5 million. World spot gold closed 2 November up $71 at $3,945 per ounce, roughly equal to 126.5 million VND per tael, which narrowed the domestic gap to about 15 million VND per tael from 16-18 million a week earlier. The article linked the rebound to an 8% drop in crude oil early in the week, which eased inflation concerns, while investors awaited this week's US midterm elections. Silver bars fell 1.6% domestically, and the USD was about 1.5% lower at banks than at the start of the year.
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