Spot gold rose 2.3% to $3,963.80 per ounce on the evening of November 2, according to Kitco data, rebounding after a 3.6% drop on Friday to its lowest level since October 2025. Oil fell more than 6% as Iran and Qatar entered a third consecutive day of talks aimed at ending the conflict involving the US, Israel and Iran, easing inflation concerns and expectations of prolonged high US interest rates, while a weaker US dollar also supported gold. CME FedWatch put the odds of a Fed rate hike in December at 76.6%, down from 80% a week earlier. Gold's 14-day RSI rose to about 37 from below 30, which the article says means gold has moved out of technically oversold territory. Julius Baer analyst Carsten Menke said the outcome of the US midterm elections on November 3 is unlikely to significantly change the US fiscal outlook in a way that strongly affects gold prices.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Tối 2/11, giá vàng tăng vọt
Keywords
goldXAUUSDoil pricesFedUS dollar
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: high
| Market | Gold |
|---|---|
| Close on 10/30/2026 | 3,875.51 |
| Change that session | -3.63% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: high
| 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 positiveTether Gold
Relevance: high
| 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.
Related news
- Gold Falls to 1-Year Low: When Could Prices Break the $3,000/Ounce Level?
Gold fell below 3,900 USD/ounce after the Federal Reserve maintained its tight monetary stance and tech stocks sold off, trading near 3,874.40 USD, the lowest level in over a year. From a record high above 5,000 USD/ounce, analysts outline scenarios for a drop to 3,750–3,850 USD, and to 3,000 USD if the 3,920 USD support level breaks. The Fed raised rates by 25 basis points in September 2026 to 4.00%, its first hike since 2023, while the USD Index near 102.3 added pressure on gold. Some experts warn that liquidity stress could trigger a sharp sell-off, while a quantitative estimate puts fair value at 3,000–3,400 USD/ounce based on real interest rates and the dollar. The 10-year US Treasury yield, approaching 5%, is also cited as structural pressure on non-yielding assets.
- Gold plunges, investors lose tens of millions of dong per tael
World spot gold fell 146 USD on the morning of October 31 to 3,875 USD/ounce, its lowest since October 2025 and more than 30% below the peak of about 5,595 USD/ounce in January 2026. Domestic SJC gold bars dropped 2.4 million VND per tael to 136–139 million VND per tael (buy–sell). The gap between domestic and converted world prices remains near 19 million VND per tael, while the SJC bar buy-sell spread is about 3 million VND per tael, meaning buyers could lose money if they sell immediately at the listed price. PGS.TS Đinh Trọng Thịnh attributes the drop to shifts in US monetary policy expectations, profit-taking after a sharp rally, and changes in capital flows. TS Nguyễn Trí Hiếu identifies five factor groups to watch through the end of 2026: Fed policy, the US dollar and Treasury yields, geopolitics and energy prices, central bank gold buying, and ETF, futures and physical demand flows.
- Gold Prices Decline Towards $4,040 as Stronger Dollar and Fed Rate Outlook Weigh on Bullion
Spot gold fell 0.6% to $4,037.98 per ounce on Wednesday as the US Dollar Index rose 0.1% to 102.42 and investors awaited the Federal Reserve's policy decision, which is widely expected to leave rates unchanged. Markets are still weighing a possible rate hike before year-end amid elevated energy costs and inflation concerns, and will focus on Chair Kevin Warsh's press conference for signals on future policy. Gold briefly traded below $4,000 in recent sessions and hit its lowest level since mid-July on Friday, partly as investors sold bullion to cover losses from the AI-related technology stock selloff. According to ANZ, buying by Chinese households has helped limit the decline, with physical demand strengthening over the past two months.
- Gold prices reverse, rising by 1 million VND
Domestic gold bar prices rose by 1 million VND to 140-143 million VND per lượng (tael) on the morning of 28/10, following a recovery in global gold. Spot gold rebounded to USD 4,050-4,060 per ounce after trading below USD 4,000 earlier in the week; converted at Vietcombank's selling rate, domestic gold bars were about 16 million VND per lượng higher than the global price. Fed officials signaled no further rate hikes at this week's meeting, but CME FedWatch shows markets pricing an 83% chance of a Fed hike in December. A Reuters poll of 30 analysts cut the median full-year gold forecast to USD 4,495 per ounce from USD 4,509 three months earlier, the second straight quarter of downgrades. Analysts expect gold to recover next year as dependence on the US dollar declines.
- Domestic gold bar prices fall to lowest in over two months
On the morning of October 20, SJC quoted gold bars at 139–142 million VND per tael, down 1.1 million VND from the previous close and the lowest since August 5, with other brands adjusting similarly. World gold closed October 19 down over $24 at $4,139 an ounce and was at $4,135 that morning, about 130 million VND per tael, leaving domestic prices more than 12 million VND above international levels. The decline reflects investors awaiting signals from the Fed's meeting next week, amid a stronger US dollar and higher US Treasury yields. Under Decree 390, from October 16, daily gold purchases and sales of 5 million VND or more must be settled without cash, down from the previous 20 million VND threshold.
- Gold Prices Rise Above $4,200 in Futures Trading as Fed Rate Hike Expectations Ease
Gold rose above $4,200 an ounce in US futures on Monday as traders scaled back expectations of another Federal Reserve rate hike after comments from Chair Kevin Warsh. Spot gold gained 0.4% to $4,180.29, while US gold futures rose 0.5% to $4,200.92. The implied probability of a 25-basis-point hike at the next meeting fell below 20%, after US inflation data released the previous week exceeded expectations. Silver, platinum and palladium also gained, while the US Dollar Index was roughly flat at 101.80. ANZ maintains a positive long-term view and expects gold to rise above $5,000 an ounce during 2027, though elevated bond yields and a strong dollar could pressure prices in the near term.
Related markets
Latest news
- Bitmine Buys More Ethereum as Tom Lee Calls the Binance Hack Bullish
Bitmine Immersion Technologies bought 8,573 more ETH in its latest weekly purchase, lifting total holdings to 6,060,506 ETH, worth about $13.7 billion, or 4.9% of Ethereum's 122.2 million token supply. The company said it is 99% of the way to its goal of owning 5% of the network. Chairman Tom Lee said the record $6.4 billion Binance hack, which the FBI attributed to North Korea, showed crypto's resilience, as ETH fell only 4%, compared with an 8% drop on the day of the $1.5 billion Bybit hack in February 2025. Lee cited six reasons, including Binance's ability to cover all customer losses and the FBI naming North Korea within two days. As of Nov. 1, total holdings, including cash, other tokens and investments, reached $14.5 billion, and about 86% of its ETH is staked through its MAVAN platform, with projected annual staking revenue of about $358 million.
- Behind Anthropic's 1,127% revenue surge — and the computing bill that erased its profit
Anthropic has just filed updated financial paperwork ahead of an IPO that could take place by the end of this month. Its revenue surged 1,127%, but computing costs erased its profit.
- Billions of USD unexpectedly leave US stocks, expert warns of one thing for Vietnamese stocks
Global equity funds drew net inflows for a sixth straight week, totaling over $10 billion, though the pace slowed sharply from $25 billion the previous week. Flows diverged, with US equity funds seeing $6.65 billion in outflows, while Asian equity funds attracted nearly $10 billion and emerging-market funds added $2.2 billion. ABS analyst Nguyễn Thế Minh said this shift is a favorable signal for Vietnam's stock market, though its ability to capture the inflows depends on foreign trading activity, market attractiveness and corporate earnings outlook. On seasonality, the VN-Index has averaged a 2% gain in November over 2000–2025, with a 54% chance of rising, but the expert said this should serve only as a reference. The article stresses that a sustainable recovery requires improved cash flow and corporate earnings, amid high valuations and signs of a slowing US economy.
- Securities firms' proprietary trading net sells nearly VND 300 billion early in the month, bucking heavy buying in one bank stock
Proprietary trading desks of securities firms net sold VND 263 billion on HoSE in the November 2 session, led by MWG with a net sale of VND 180 billion, followed by BID, SSI, HPG and STB. HDB was the strongest net buy at VND 161 billion. The market fell broadly, with 27 of 30 VN30 stocks declining, and the VN-Index closed at 1,710.72 points, down 30.9 points (-1.77%). Foreign investors net sold VND 453 billion across the market. Liquidity improved from the previous session, but cash flow was still insufficient to absorb the heavy supply.
- We're trimming a rallying industrial stock, looking for its next catalyst post-spinoff
Jim Cramer's Charitable Trust is selling 58 DuPont (DD) shares at roughly $143 each. After Monday's trade, the trust holds 450 DD shares, cutting its portfolio weight to 1.65% from 1.85%. The small trim offsets an earlier Boeing (BA) purchase that day. DuPont shares are up about 10% since late September, helped by rotation out of data center buildout names, but remain about $12 below their 2026 peak and are up about 18% year to date. The author says the simplification story has largely played out a year after the Qnity Electronics separation, with shares up about 36% since the breakup. The sale will realize a gain of roughly 48% on shares bought in August 2023, and the author will watch DuPont's earnings before Tuesday's open.
- Monteoro Minerals Ltd. (MTAU) Opens the Market
Monteoro Minerals Ltd. (TSXV: MTAU) has listed on the TSX Venture Exchange, and its leadership joined Toronto Stock Exchange executive Graham MacKenzie to open the market in celebration. The Colombia-focused explorer is advancing gold and copper projects, including Marquesa, Nudillales and La Ruana, and plans drilling at multiple targets in the coming months. Its management and board have more than 100 years of combined experience in Colombia and have been involved in discoveries hosting more than 50 million ounces of gold-equivalent resources. The company also has a pipeline of additional projects under development.
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.