Most Wall Street experts expect gold prices to keep falling this week after the late-October sell-off, as gold closed the month at USD 3,874 an ounce, a one-year low and about 30% below its January peak of USD 5,595. Domestic gold bars dropped more than 2 million VND to 139 million VND per tael on October 30, 27% below the near-191 million VND peak earlier this year. Concerns that the Fed will keep rates high for longer, along with margin calls after tech stocks sold off, forced investors to sell gold and silver. Of 16 experts in Kitco News' weekly survey, 10 (63%) forecast further declines; Alex Kuptsikevich of FxPro sees gold reaching USD 3,300 in the coming months, while Daniel Pavilonis of StoneX Group flagged a possible drop to USD 3,000. Silver also fell nearly 6% to USD 49 an ounce, its first break below USD 50 in 11 months.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá vàng có thể giảm tiếp sau khi chạm đáy một năm
Read the original on VnExpress ↗
Keywords
goldsilverFedinterest ratesXAUUSD
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: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 10/31/2026 | 3,899.27 |
| Change that session | -0.06% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 10/31/2026 | 3,879.71 |
| Change that session | -0.13% |
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 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.
- Royal Mint sees record silver and platinum sales , renewed gold demand despite higher prices and rising bond yields
Britain's Royal Mint reported record year-to-date silver and platinum sales, with purchases of silver bullion on its website up 295% and platinum bullion revenue up 118% in the first nine months of 2026 versus 2025. Gold coin revenue rose 21% in the third quarter from the previous quarter, and first-time buyers accounted for 29% of purchasing customers. In contrast, the U.S. Mint has sold only 111,500 ounces of gold this year and is on track for its worst performance since 2000, as inflation pushed U.S. bond yields above 5% and weakened demand. Markets are pricing in one Federal Reserve rate hike by year-end.
- World Gold Prices Suffer Steepest Drop in a Year
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.
- World gold prices plunge to one-year low
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.
- 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.
Related markets
Latest news
- Plain gold ring and gold bar prices, morning of November 2, at SJC, PNJ, DOJI, Bảo Tín Minh Châu and Bảo Tín Mạnh Hải
Vietnam's domestic gold opened lower on the morning of November 2 after a sharp drop the previous week, with SJC gold bars offered at VND 139 million per tael and gold rings quoted at VND 135.8–138 million across brands. Spot gold stood at USD 3,895/oz, up 0.55%, after falling more than 3% last week and losing the USD 4,000 level, having hit its lowest in over a year amid a hawkish Fed, strong US data and a tech stock sell-off. In a Kitco survey, 63% of 16 professionals expected prices to keep falling, while 53% of 184 individual investors expected a rise. Marc Chandler said gold could retreat to USD 3,750–3,850/oz if it sets new lows this year, while Alex Kuptsikevich noted the downtrend has lasted nearly two and a half months and some investors may be forced to sell to meet margin calls. The October nonfarm payrolls report, due next Friday, is seen as a key test for expectations of a Fed rate hike in December.
- Not just the exchange rate: What is driving businesses to trade the Chinese yuan?
China remains Vietnam's largest trading partner: in the first nine months of 2026, bilateral trade reached USD 253.1 billion, up 37.6%, including exports to China of USD 65.8 billion (up 32.9%) and imports of USD 187.3 billion (up 39.3%). As trade flows grow, businesses are paying more attention to payment methods that help control costs and limit exchange-rate risk, and the yuan has risen about 4.6% against the USD and about 3% against the VND since the start of 2026. The article also highlights smart border gate projects such as Móng Cái - Đông Hưng and Hữu Nghị - Hữu Nghị Quan, which aim to cut customs clearance to 4-6 hours and reduce costs by 30-40%. To support businesses, ACB is offering exchange-rate preferences of up to VND 30 per CNY on both buying and selling until 31 December 2026, alongside cross-border payment, trade finance and document support services.
- If I Could Only Buy and Hold 1 "Magnificent Seven" Stock Through 2030, It Would Be This One
The author judges Nvidia the best pick among the Magnificent Seven through 2030, as its GPUs are widely used for AI workloads and many companies in the group are spending hundreds of billions of dollars on AI infrastructure each year. Nvidia projects global annual data center capital expenditures will reach USD 3–4 trillion by 2030 and expects 70% revenue growth in 2027. The five largest AI hyperscalers are estimated to spend nearly USD 800 billion this year and USD 1.3 trillion next year. If revenue grows 70% in 2027 and doubles again from 2028 to 2030, total growth would reach 240%, far above Meta, the next fastest grower at 26%. The article also notes Nvidia's stock has not had its best year and that the company reports earnings near the end of November.
- Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack
Binance reported $3.64 billion in net outflows after reopening withdrawals on Sunday, as customers rushed to move funds following a $6.3 billion hack. Between 6 a.m. and 3:30 p.m. UTC, the exchange processed $4.65 billion in withdrawals and $1.01 billion in deposits. The net outflows equaled 2.1% of its $171 billion in total assets, based on its latest proof-of-reserves data. Most of the outflows happened in the first couple of hours, and withdrawal volumes have since stabilized, with services restored in phases across 15 networks while testing continues for the rest. The FBI attributed the hack to North Korean hackers known as TraderTraitor, and Binance said it had covered about 95% of the lost funds and would absorb the losses rather than pass them on to users.
- Titan Minerals expands Dynasty gold system in September quarter as Linderos copper JV advances
Titan Minerals reported a new gold-silver discovery at the Brecha-Comanche target within its 100%-owned Dynasty project in Ecuador, where hole CVDD26-199 intersected 33.5 metres at 6.6 g/t gold and 55.5 g/t silver outside the existing resource. The company increased its drilling to four diamond rigs, began reverse circulation drilling in October, and targets an updated Dynasty resource estimate and scoping study in the first quarter of 2027. At the Linderos copper project, Hancock subsidiary Hanrine spent US$20 million to lift its interest to 51%, with Titan keeping 49% and being free-carried until Hanrine reaches 80%. At quarter-end Titan held US$2.83 million in cash (about A$4.08 million), spent US$2.41 million on exploration and evaluation, and reported around 0.89 quarters of funding availability.
- Binance net outflows surge to $5.8B as withdrawals resume after record hack
According to DefiLlama data, Binance recorded $5.8 billion in net outflows over the past 24 hours as customers withdrew funds after the record $6.3 billion hack. By 3:30 p.m. UTC, the exchange had processed $4.6 billion in withdrawals against $1 billion in deposits, resulting in $3.6 billion in net outflows. Binance said withdrawals surged initially but have since slowed and stabilized, and that the outflows were a small fraction of its roughly $171 billion in assets. By 12:36 UTC, withdrawals were enabled for tokens across 15 networks, including Bitcoin, Ethereum, BNB Smart Chain and XRP Ledger, with USDT, USDC and Bitcoin the most withdrawn. On Saturday, Binance said it had replaced 90% of the lost assets using its corporate treasury, Secure Asset Fund for Users and futures insurance fund.
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.