Gold price today July 18, 2025: Domestic and world gold prices have no breakthrough when the USD reaches the highest level in the past 3 weeks

Domestic gold price today July 18, 2025

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

DOJI Group listed the price of SJC gold bars at 118.6-120.6 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 118.6-120.6 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 119.6-120.6 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 118.6-120.6 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 117.9-120.6 million VND/tael (buy - sell), gold price remains unchanged in both buying and selling directions compared to yesterday.

As of 4:30 a.m. on July 18, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115.9-118.4 million VND/tael (buy - sell); the price increased by 300,000 VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116-119 million VND/tael (buy - sell); the gold price increased by 700 thousand VND/tael in both buying and selling directions compared to yesterday.

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

World gold price today July 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 July 18, Vietnam time, was 3,334.11 USD/ounce. Today's gold price decreased by 3.73 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,320 VND/USD), the world gold price is about 109.24 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 11.36 million VND/tael higher than the international gold price.

World gold prices continued to fall nearly 1% after positive US economic data reinforced the Federal Reserve's cautious stance on cutting interest rates this year.

Specifically, spot gold prices fell 0.11% after hitting a low of $3,309.59 during the day. Meanwhile, US gold futures prices also fell 1.2% to $3,320.80.

According to experts, the price of gold decreased partly due to the USD and the slight increase in US Treasury bond yields after the positive economic report. Bob Haberkorn, senior market strategist at RJO Futures, commented that this factor put pressure on the gold market.

However, he also said strong gold demand from central banks, geopolitical tensions and tariff risks could support gold prices to remain high.

The dollar rose 0.3%, making gold more expensive for foreign investors. The latest data showed that the number of applications for unemployment benefits in the US fell last week, reflecting a firming labor market in July. In addition, retail sales rose 0.6% in June, beating expectations after a 0.9% decline in May. Part of the reason may be higher prices for goods subject to tariffs.

In this context, the Fed has been cautious about cutting interest rates. Fed Governor Adriana Kugler said that interest rates should be kept steady "for a while" as the impact of tariffs from the Trump administration is gradually affecting consumer prices. Higher interest rates tend to make gold less attractive because it is a non-yielding asset, although gold is still seen as a hedge against inflation and instability.

In another development, Japan is negotiating with the US on tariffs to avoid a 25% tax that would be imposed if the two sides do not reach an agreement by August 1.

While gold fell, other precious metals rose. Palladium edged up 0.1% to $1,232.02 an ounce, its highest since October 2023. Silver, on the other hand, fell 0.8% to $37.64 an ounce, while platinum fell 0.6% to $1,408.30.

Gold price forecast

According to Fawad Razaqzada, an expert from City Index and FOREX.com, the US Federal Reserve's delay in cutting interest rates is helping the US dollar maintain its strength. Currently, the USD index has reached a three-week high, surpassing the 98 mark. This has a negative impact on gold prices, because a strong USD often makes gold more expensive for international investors.

However, this expert also believes that gold is unlikely to fall deeply due to geopolitical instability and global trade tensions. Tough moves from the US could make gold continue to play the role of a safe haven asset. If the trade conflict escalates, gold prices could even set a new peak.

In the short term, a strong US dollar could push gold prices lower, creating buying opportunities for investors. Conversely, if trade agreements are signed, downward pressure could appear. Currently, cautious sentiment is keeping the gold market less volatile.

In the medium term, gold’s outlook is highly dependent on monetary policy and inflation. If tariffs are imposed, prices could rise, forcing the Fed to maintain high interest rates. This would be negative for gold, as rising bond yields reduce the appeal of the non-yielding precious metal. In addition, if there is no upside momentum, gold could face profit-taking pressure from investors.

According to a report from BCA Research, gold continues to be an attractive choice in the defensive asset group and could maintain its upward momentum in the second half of 2025. Although the current gold price is fluctuating around $3,300 - $3,400/ounce, it is likely to surpass the $3,500 threshold in the fourth quarter of this year.

Gold prices tend to break resistance levels rather than fall sharply, said Roukaya Ibrahim, commodity strategist at BCA Research. The main driver behind the nearly three-year rally remains strong central bank demand.

Another positive sign is that inflows into gold ETFs are rising at the fastest rate since 2020, despite high US bond yields, showing that investors are willing to pay more for gold as a hedge against risk.

BCA Research forecasts that gold prices could hit $3,800 an ounce by the end of 2025, supported by a weak US dollar, continued central bank buying, and trade and geopolitical tensions. With these advantages, gold is strengthening its position as the top safe haven asset for both individual and institutional investors.