December gold futures on Comex fell 3.3% to 3,898.90 USD/ounce at Friday's (October 30) close, the lowest close since October 2, 2025, and gold lost 10% over October. The same session saw a sharp US stock sell-off: the Dow Jones fell 1.1%, the S&P 500 dropped 1.8% and the Nasdaq Composite lost 2.9%. Experts said investors sold both gold and stocks to raise cash to cover losses and meet liquidity needs, after gold broke below the 3,975 USD/ounce level that had formed in July. Although markets remain worried about Middle East tensions around the November 3 midterm elections, one analyst said that if the Fed keeps rates high for longer, Treasury yields would stay elevated and limit gold's appeal. Altavest says investors should hold cash and be patient until at least year-end, though gold's long-term outlook remains positive if the Fed cuts rates in 2027.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá vàng chạm đáy 1 năm, chứng khoán Mỹ bị bán tháo, chuyên gia nhấn mạnh: "Đừng vội bắt đáy"
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 755.71 |
| Change that session | -1.77% |
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: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/01/2026 | 3,910.91 |
| Change that session | +0.30% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 11/01/2026 | 3,893.72 |
| Change that session | +0.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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