Why the Gold Rush Is Back On—at Least for Now

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• Gold bar and ring prices on the morning of Oct 20: Sharp declines across the board

  Domestic gold prices fell sharply on the morning of October 20 across major brands. At 8:30 a.m., SJC listed gold bars at 139–142 million VND per tael (buy–sell), down 1.1 million; by 9:40 a.m. SJC bar prices had rebounded but were still down 1 million from the previous morning. Gold ring prices also dropped at SJC, DOJI, PNJ and Bảo Tín Minh Châu, by between 600,000 and 1.1 million VND per tael. Globally, spot gold slipped 0.13% to $4,136 per ounce at 7 a.m. Vietnam time before edging up to $4,141 by 10 a.m., according to Kitco. Metals Focus's Matthew Piggott said institutional and central bank buying continues to support prices above $4,000 per ounce, while the firm forecasts an average of $5,330 per ounce in 2027.

  CafeF·20/10, 07:46▼ XAU/USD▼ PAXG/USDT• PNJ▼ XAUT/USDTgoldXAUUSDPNJ
• Gold Bar and Plain Gold Ring Prices at Midday 19/10 at SJC, PNJ, DOJI, Bao Tin Minh Chau and Bao Tin Manh Hai All Fall Together

  At the midday update on 19/10, domestic gold prices fell across the board by 500–800 thousand VND per tael. Early on 19/10, gold bars at SJC, PNJ, DOJI and Bao Tin Manh Hai were quoted at 140.6–143.6 million VND per tael, while Bao Tin Minh Chau was at 138.6–143.6 million. From 16/10, gold businesses must use non-cash payment for buy and sell transactions of 5 million VND or more per day under Decree 390/2026/NĐ-CP. Internationally, gold traded around 4,160–4,180 USD per ounce as investors watched U.S. economic data and the Fed's rate outlook, and the market still leans toward the Fed holding rates at its October 27–28 meeting. S&P Global's preliminary October composite PMI is being watched as a signal of inflation pressure.

  CafeF·19/10, 04:19▼ PNJ▼ XAU/USDgoldXAUUSDPNJ
• Plain gold ring and gold bar prices on the evening of October 14 at SJC, PNJ, DOJI, Bảo Tín Minh Châu and Bảo Tín Mạnh Hải fall by up to 1 million VND/tael across the board

  Domestic gold prices fell across the board from the previous session's close on October 14. In the 15:00 update, plain gold rings at the surveyed brands dropped by 500,000 to 1 million VND per tael on both buy and sell sides, with SJC and PNJ listing them at 139.8-142.8 million VND per tael. SJC, PNJ, DOJI and Bảo Tín Mạnh Hải cut gold bar prices by 1 million VND on both sides, to 140.3-143.3 million VND per tael, while Bảo Tín Minh Châu lowered only its buy price, to 138.8 million VND. Internationally, spot gold fell 1.8% to around 4,085 USD/ounce.

  CafeF·14/10, 13:18▼ XAU/USD▼ PNJgoldXAUUSDPNJ
• Agnico Eagle Soars 10%, Wheaton Precious Up 12% as Democratic Midterm Win Lifts Gold

  Agnico Eagle (AEM) shares jumped 10% with no company news, alongside Wheaton Precious Metals (WPM), Newmont (NEM) and Barrick Mining (B), as gold rose 3% after Democrats won the midterm elections. Wheaton owns no mines, so it does not bear rising costs, and gained 12%. Agnico's all-in sustaining costs (AISC) rose 24% year on year to $1,648 an ounce in the third quarter, which management blamed on diesel and tariffs. A 3% gold rise lifts its margin per ounce by about 5%, half the stock's gain. Newmont's AISC was $1,454 an ounce, and it lowered full-year AISC guidance to $1,520. Agnico's forward P/E was about 16x after the move, versus 14.8x before it and a five-year average of 20.5x.

  Yahoo Finance·04/11, 20:03▲ XAU/USD▲ PAXG/USDT▲ XAUT/USDTXAUUSDgoldmining
• Gold Mining Shares Rally as Democratic Midterm Victory Weakens US Dollar and Lifts Bullion Prices

  Spot gold rose 3.02% to $4,446.90 per ounce in premarket trading on Wednesday after the Democrats won control of both the Senate and House in the US midterm elections. The US dollar fell to a one-month low, making gold cheaper for buyers using other currencies and supporting prices. US-listed gold miners also rose: Kinross Gold (KGC) gained 6.8%, while Barrick Mining (B), Newmont (NEM) and Agnico Eagle (AEM) each rose at least 5%. The article notes that higher gold prices can improve revenue outlooks, though earnings depend on each company’s costs and output. Investors will watch whether the dollar stays weak and gold holds above $4,400 per ounce.

  Yahoo Finance·04/11, 12:02▼ DXY▲ PAXG/USDT▲ XAUT/USDT▲ XAU/USDgoldminingUS dollar
• Precious metals rally propels miners to top of FTSE 100

  Precious metals producers and mainstream miners rose to the top of the FTSE 100 as gold, silver and copper prices strengthened. Fresnillo gained 3.6% and Endeavour Mining 3.5%, with gold up 2.9% to around $4,054 an ounce and silver up 4.4% to about $51.94 an ounce. Anglo American advanced 2.3% as copper rose 0.6% to around $6.44 a pound. The FTSE 100 rose about 0.3% to 10,669 by 9am, helped by a weaker US dollar and lower Treasury yields after the US midterm elections. Weir slid 7% after its third-quarter order intake disappointed despite unchanged guidance, while BAE Systems fell more than 5%, Babcock almost 3%, and Smith+Nephew around 2% after cutting its full-year revenue and profit expectations.

  Yahoo Finance·04/11, 10:00▲ PAXG/USDT▲ XAUT/USDT▲ XAU/USDXAUUSDgoldsilver

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  Yahoo Finance·04/11, 21:53▲ AAPL▲ AMZN▲ MSFT▲ SPYDow Jonesoil pricesmidterm elections
• Perpetua Announces New Gold Discovery at Stibnite Gold Project & Continued High Grades from Clark Tunnel Fault Zone

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  Yahoo Finance·04/11, 21:53goldminingantimony
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  CNBC·04/11, 21:48• SPYmidterm electionsDemocratic PartySPY
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  MarketWatch·04/11, 21:48Figmaartificial intelligencesoftware
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  Yahoo Finance·04/11, 21:40METAartificial intelligence
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  Yahoo Finance·04/11, 21:40Walmartvaluationinterest rates