Gold prices plummeted today, October 26, 2026, with long-term investors continuing to accumulate, as all factors are unfavorable for the precious metal. - Vietnam.vn

AI desk brief

Gold fell below $4,000/oz, with the Kitco price cited at $3,996.9/oz on Oct. 23, while Vietnam’s SJC bars were quoted at 138.7–141.7 million VND/oz and local ring prices also weakened. The article ties the selloff to renewed Iran conflict fears pushing crude to multi-year highs, which is reinforcing inflation concerns and the view that the Fed will stay tight; CME FedWatch shows a 92% chance rates are left unchanged next week and a 78% probability of a December hike, with the PCE inflation print due Oct. 29 as the next key catalyst.