Gold price today February 12, 2025: Domestic and world gold prices fell sharply due to profit-taking activities

Domestic gold price today February 12, 2025

At the time of survey at 4:30 a.m. on February 12, 2025, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 88 million VND/tael for buying and 90.5 million VND/tael for selling. A sharp decrease of 300 thousand VND/tael for buying and 800 thousand VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 88.1-89.8 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 200 thousand VND/tael for buying - unchanged for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 88-90.5 million VND/tael (buying - selling, down 300 thousand VND/tael in buying direction - down 800 thousand VND/tael in selling direction compared to yesterday.

SJC gold price in Phu Quy is traded by businesses at 88.2-90.7 million VND/tael (buy - sell), down 100 thousand VND/tael in buying price - down 600 thousand VND/tael in selling price compared to yesterday.

The latest gold price list today, February 12, 2025 is as follows:

A representative of SJC Company said that many customers brought gold to sell to take profit when they saw that the domestic gold price was at an all-time high. Also because of many sellers, the gold price was immediately adjusted down sharply by the companies, the domestic gold price was affected by the profit-taking selling pressure in the market.

World gold price today February 12, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:00 a.m. today, Vietnam time, was 2,896.52 USD/ounce. Today's gold price decreased by 4.32 USD compared to yesterday. Converted according to the USD exchange rate, on the free market (25,760 VND/USD), the world gold price is about 90.94 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 440 thousand VND/tael lower than the international gold price.

World gold prices fell sharply due to profit-taking activities from investors after gold prices hit a historical peak earlier. However, the market remained optimistic due to concerns about a global trade war after US President Donald Trump imposed new tariffs.

"The market is seeing profit taking from short-term investors. Gold has rallied quite strongly and needs a pullback to consolidate the chart," said Jim Wyckoff, senior market analyst at Kitco Metals.

Money continues to flow into gold as investors react to US President Donald Trump's new tax policies on steel and aluminum imported from the country. On the other hand, China also imposed a 10% - 15% tax on $14 billion worth of US imports in response to Washington's previous additional tax. Trade tensions between the superpowers have investors worried about risks and looking to gold as a safe haven.

Investors are closely watching a speech by Federal Reserve Chairman Jerome Powell and U.S. inflation data on Wednesday for clues on interest rate trends. Higher-than-expected inflation could prompt the Fed to delay rate cuts, which could slow gold's gains in the short term.

Gold is often seen as a hedge against inflation, but higher interest rates reduce the appeal of gold because it is a non-yielding asset. Any new statements from President Trump could cause uncertainty, which could support gold prices, Wyckoff said. Profit-taking bouts like today could be viewed by bullish investors as buying opportunities on dips.

In India, gold rental prices hit a record high due to tight supply as banks move gold to the US to avoid potential tariffs.

Meanwhile, silver fell 1.6% to $31.53 an ounce, platinum fell 0.8% to $986.20, and palladium fell 0.7% to $976.

Gold Price Forecast

Gold expert Tran Duy Phuong believes that it is reasonable for gold prices to cool down after reaching an all-time high of over $2,900/ounce. Because in just one day, gold prices increased by $80/ounce; in one week, they increased by $160/ounce; and in one month, they increased by $300/ounce, which are too fast and too hot.

Mr. Phuong predicts that if investors take profits, the world gold price will drop sharply, possibly up to 100 USD/ounce, causing the domestic gold price to plummet.

FxPro market analyst Alex Kuptsikevich predicts that the gold bull run has just begun and that $3,000 an ounce is just the beginning. He predicts that the price of the precious metal is likely to reach $3,400 an ounce between August and October this year.

Adrian Day even predicted that gold prices will reach $3,500-4,000/ounce in the next 12 months and emphasized that "this is just the beginning of the precious metal before entering a new growth phase".

Many experts believe that gold could reach $3,000 an ounce in the first quarter of 2025. However, several factors could affect the rate of price increase. If the US Federal Reserve (Fed) moves to raise interest rates to control inflation, gold prices could stagnate. Factors such as trade tensions, central bank demand for gold, and geopolitical developments will influence price trends.

If investment flows continue to flow into gold, prices could go beyond $3,000. However, if there is strong profit-taking, gold prices could be corrected.