Gold price today June 18, 2025: Gold price follows the Fed, temporarily leaving the Middle East

Domestic gold price today June 18, 2025

As of 4:30 a.m. on June 18, 2025, the domestic gold bar price is based on the closing price yesterday, June 17. Specifically:

DOJI Group listed the price of SJC gold bars at 117.6-119.6 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 117.6-119.6 million VND/tael (buy - sell), the price remained unchanged 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 118.5-119.5 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 117.6-119.6 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117-119.6 million VND/tael (buy - sell), gold price does not change in both buying and selling directions.

As of 4:30 a.m. on June 18, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115-117 million VND/tael (buy - sell); the price remained unchanged in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 115-118 million VND/tael (buy - sell); down 900 thousand VND/tael in both buying and selling directions compared to yesterday.

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

World gold price today June 18, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. on June 18, Vietnam time, was 3,385.97 USD/ounce. Today's gold price decreased by 10.38 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,247 VND/USD), the world gold price is about 111.84 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 7.76 million VND/tael higher than the international gold price.

Gold prices fell slightly after investors’ risk appetite improved in a holiday-shortened trading week. This improvement somewhat reduced safe-haven demand, putting downward pressure on gold prices. Investors are now taking profits after a sharp increase of over 3,400 USD/ounce last week.

Specifically, spot gold prices fell 0.3%, while gold futures prices fell slightly by 0.2% to $3,410.40/ounce. According to expert Jim Wycoff from Kitco Metals, the instability in the Middle East is likely to escalate, and this will continue to keep the demand for safe havens like gold high.

According to the Israeli military, the force killed Ali Shadmani, who had been appointed as Iran's wartime chief of staff just four days earlier. He replaced another senior general who had also been killed in a recent series of airstrikes.

Amid the increasingly fierce conflict, US President Donald Trump announced that he wants to resolve the nuclear issue with Iran once and for all. He also said that he is considering sending senior officials to meet with Iranian representatives to seek a solution to the ongoing crisis.

Meanwhile, the US Federal Reserve (Fed) began its two-day FOMC monetary policy meeting, which ended on Wednesday afternoon with an official statement and a press conference by Chairman Jerome Powell. The Fed is expected to leave interest rates unchanged at this meeting.

A recent survey by the World Gold Council found that central banks around the world are likely to increase their gold holdings over the next five years, reflecting long-term confidence in gold’s role as a stable asset in national investment portfolios.

The Commerce Department said retail sales fell 0.9% in May, after April's reading was revised down to 0.1%. The result was much lower than analysts' expectations, who had forecast a decline of only 0.5%. However, retail sales still rose 4.5% over the past 12 months. The overall economic data has been weak, and gold prices are expected to rise again today.

Adam Button, chief currency strategist at Forexlive.com, said the retail sales data was difficult to assess. He said that March had seen an unusual increase due to tariff concerns, but then it had fallen for the last two months. So the overall trend in consumption remains unclear.

In other metals markets, spot silver prices rose sharply by 2.1% to $37.1 an ounce, the highest level since February 2012. Platinum prices rose 0.4% to $1,251.81 an ounce, while palladium rose 1.7% to $1,047.23 an ounce.

Gold price forecast

Technically, the August gold price forecast still holds the advantage on the upside in the short term. The next target for the bulls is to close above the strong resistance at $3,500/ounce. Conversely, the bears will try to push the price below the important support zone at the June low of $3,313.10.

The immediate resistance is at $3,450, followed by $3,477.30. The immediate support is at the overnight low of $3,391.30, followed by $3,358.50. The market's technical score on the Wyckoff scale is currently at 8.0, suggesting that the uptrend remains dominant.

Han Tan, chief market analyst at Exinity Group, said the market is closely watching developments between Israel and Iran to see if tensions escalate or remain contained. Gold prices are likely to rise amid the Middle East turmoil as investors increasingly favor the precious metal as a safe haven.

Iran has asked Oman, Qatar and Saudi Arabia to act as intermediaries to pressure the US to press Israel to reach a ceasefire agreement, according to several sources. In return, Iran is willing to show more flexibility in nuclear negotiations.

Gold, although it does not generate interest, is still considered an effective hedge against geopolitical and economic fluctuations, especially in a low-interest environment. This is the reason why gold always attracts cash flow whenever the world has major instability.

However, in a recent report, Citi Bank has revised down its short-term and long-term gold price forecasts. They said that gold prices could fall below $3,000 an ounce by late 2025 or early 2026, due to weakening investment demand and increasingly optimistic global economic growth prospects.

Contrary to Citi's pessimistic forecast, Adrian Day, Chairman of Adrian Day Asset Management, gave a positive view. He said that the main driving force for gold prices to maintain their upward momentum over the past three years is the active purchase of gold by central banks around the world to reduce their dependence on the USD.

Meanwhile, analysts at CPM Group said the sharp increase in gold prices in recent days clearly reflects the volatility of global economic and political factors. They forecast that gold prices could head towards the target of $3,500/ounce if the current trend continues.

According to CPM Group, the current geopolitical and economic situation is still very unstable and unlikely to improve in the short term. Therefore, they recommend that investors consider accumulating gold as an effective risk prevention measure.