Gold price today February 18, 2025: World and domestic gold prices increased as the USD weakened

Domestic gold price today February 18, 2025

At the time of survey at 4:30 a.m. on February 18, 2025, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 87.6 million VND/tael for buying and 90.6 million VND/tael for selling. Today's gold price increased by 300 thousand VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 89-90.4 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 200 thousand VND/tael for buying and increased by 600 thousand VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 87.6-90.6 million VND/tael (buying - selling), an increase of 300 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 88.2-90.6 million VND/tael (buy - sell), a sharp increase of 700 thousand VND/tael in buying - an increase of 300 thousand VND/tael in selling compared to yesterday.

The latest gold price list today, February 18, 2025 is as follows:

Gold prices have rebounded after a sharp decline over the weekend. Although domestic market demand is not high, the difference between buying and selling prices of gold among trading units remains at VND3 million/tael. This shows a very high level of risk.

The domestic gold ring price today is adjusted to increase according to the world gold price. The Doji gold ring price (buy) is 1.5 million VND/tael more expensive than the SJC gold bar and gold ring price.

World gold price today February 18, 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 2,900.24 USD/ounce. Today's gold price increased by 17.39 USD compared to yesterday. Converted to the USD exchange rate, on the free market (25,710 VND/USD), the world gold price is about 90.88 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 280 thousand VND/tael lower than the international gold price.

Gold prices rose as the US dollar weakened to a two-month low and concerns about a looming trade war arose. US President Donald Trump threatened to impose tariffs on imported goods, raising concerns about global trade tensions.

The US dollar is currently at a two-month low, making gold cheaper for buyers using other currencies. "Gold continues to benefit from investors seeking safe havens amid concerns about tariffs and trade wars," said UBS analyst Giovanni Staunovo. He also predicted that gold could continue to rise to $3,200, thanks to demand from central banks.

President Trump renewed his threat to impose tariffs on imported cars on April 2, part of a series of trade measures he has taken since his re-election. Meanwhile, US Secretary of State Marco Rubio said Kyiv and Europe would join talks to end the war between Russia and Ukraine.

"Progress in the Russia-Ukraine peace talks may have partially offset gold's year-to-date gains, but prices remain supported by a number of positive factors," said Han Tan, market analyst at Exinity Group.

Gold is often seen as a hedge against inflation and geopolitical uncertainty. However, higher interest rates can reduce the appeal of gold because it is a non-yielding asset. Federal Reserve officials are scheduled to speak later in the day, and markets will be watching closely for clues on the path of US interest rates.

Besides gold, silver price also increased by 1% to 32.5 USD/ounce, while platinum increased by 0.4% to 983.2 USD and palladium increased by 2% to 980.5 USD.

Gold price forecast

UBS has updated its forecast for global gold prices, saying the precious metal could rise to a peak of more than $3,200 before stabilizing at a high price in the coming years. This forecast is higher than the previous peak UBS gave, citing many positive factors supporting gold prices.

"It seems like too much has happened in February alone," said Joni Teves, a strategist at UBS. "This sentiment probably applies to all financial markets in 2025, but gold in particular has seen unprecedented volatility and a record price increase in just over six weeks since the start of the year."

“Our latest assessment of the market situation has led us to update our view and raise our gold price forecast to a higher level, which suggests gold prices could peak in late 2025, at a higher level than previously forecast,” Ms Teves added.

Gold is a sought-after safe-haven asset as investors seek to protect themselves from geopolitical turmoil and economic uncertainty, according to experts. For many investors and analysts, it is only a matter of time before gold prices reach $3,000 an ounce; however, that could be just a small part of a much larger rally to $3,500 an ounce.

The world gold price has been maintaining an upward trend since December 18, with the next resistance level at 2,942.78 USD/ounce. If it surpasses this level, gold can continue to increase strongly without much hindrance.

On the other hand, important support levels are at $2,888.52/ounce and stronger at $2,857.49 – $2,836.67/ounce. If the price falls below $2,864.33/ounce, the downtrend could resume. But with market support, the possibility of a strong sell-off in gold is quite low.