Global gold prices recovered on Nov 2 after the previous session's sell-off, as crude oil fell more than 3% following reports that Iranian negotiators had joined a third straight day of talks with Qatari mediators in Doha aimed at ending the US-Israel-Iran conflict. At 13:33 Vietnam time, spot gold rose 0.9% to USD 3,907.94 per ounce, after hitting a one-year low in the previous session. Kyle Rodda of Capital.com described the move as mainly a technical rebound, as cooling oil prices eased inflation concerns. High energy prices tend to raise expectations that the Fed will keep rates higher for longer, increasing the opportunity cost of holding non-yielding gold, while investors also watch the US midterm elections on Nov 3. Domestically, SJC gold in Hanoi was quoted at 137.00-140.00 million VND per lượng (buy-sell) on the afternoon of Nov 2.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá dầu thô hạ nhiệt tạo lực đẩy cho thị trường vàng phục hồi
Read the original on Vietstock ↗
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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 11/01/2026 | 3,910.91 |
| Change that session | +0.30% |
XAUT/USDT
▲ Likely positiveTether 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% |
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/30/2026 | 3,875.51 |
| Change that session | -3.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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