Gold price today February 20: World gold price skyrocketed to a new peak for the 9th time

Domestic gold price today February 20, 2025

At the time of survey at 4:30 a.m. on February 20, 2025, the gold price on the trading floors of some companies was as follows:

The price of 9999 gold today is listed by DOJI at 89.6 million VND/tael for buying and 91.9 million VND/tael for selling. A sharp increase of 1 million VND/tael for buying - an increase of 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 90.3-91.8 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 1.1 million VND/tael for buying and 1.3 million VND/tael for selling compared to yesterday.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 89.6-91.9 million VND/tael (buying - selling), a sharp increase of 1 million VND/tael in buying - an increase of 800 thousand VND/tael in selling compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 89.7-91.9 million VND/tael (buy - sell), an increase of 1 million VND/tael in buying - an increase of 800 thousand VND/tael in selling compared to yesterday.

The latest gold price list today, February 20, 2025 is as follows:

At 91.9 million VND/tael, the domestic gold price is only 300 thousand VND/tael away from its all-time high. In contrast to the scene of gold prices rising and then remaining stable throughout the day as before, today gold companies continuously adjusted prices.

The strong fluctuations in domestic gold prices in recent days reflect the market's sensitive adjustment to domestic and foreign economic and political factors. Experts predict that in the coming days, gold prices will continue to fluctuate strongly, leading to increased investment and trading demand.

World gold price today February 20, 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 2,939.11 USD/ounce. Today's gold price increased by 19.28 USD compared to yesterday. Converted to the USD exchange rate, on the free market (25,710 VND/USD), the world gold price is about 92.1 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1 million VND/tael higher than the international gold price.

Gold prices have soared to a new high as trade tensions and concerns about global economic growth spurred money into safe-haven assets after US President Donald Trump threatened new tariffs.

Specifically, the world gold price reached a record high of 2,947 USD/ounce before decreasing slightly and staying at 2,939.11 USD/ounce. This is the 9th time this year that the gold price has set a new record. Meanwhile, the US gold futures price increased slightly by 0.1% to 2,953.1 USD.

Gold’s rally appears to have been fueled by President Trump’s comments on new tariffs on autos and pharmaceuticals, which could pave the way for gold to hit $3,000, said Zain Vawda, market analyst at MarketPulse (OANDA).

Since taking office, Mr. Trump has imposed a 10% tariff on imports from China, and a 25% tariff on steel and aluminum. He recently announced that he would impose tariffs of about 25% on imported cars, as well as on semiconductors and pharmaceuticals.

Giovanni Staunovo, an analyst at UBS, said: 'I don't think central banks will stop buying gold anytime soon. Instead, they will continue to diversify their reserves into gold, which will support gold prices.'

Gold is often seen as a hedge against inflation and geopolitical instability. However, high interest rates can reduce the appeal of gold because it is a non-yielding asset.

Meanwhile, the market is also paying attention to the US Federal Reserve's interest rate policy, with the minutes of its January policy meeting scheduled to be released later in the day. Vawda said: 'Any negative impact from the Fed meeting minutes will be short-lived.'

Among other metals, spot silver (used in electronics) edged up 0.1% to $32.89 an ounce. Platinum (used in auto catalysts) fell 0.8% to $980.05, while palladium edged down 0.1% to $985.75.

'While the tariffs may impact industrial demand for silver, silver prices could still rise further from a valuation perspective, and if the positive correlation with gold remains,' said Han Tan, senior market analyst at Exinity Group.

Gold price forecast

Last week, Citi Research revised its gold price forecast for the next three months, raising its forecast from $2,800 to $3,000 an ounce, reflecting market optimism for the precious metal, especially amid global economic and geopolitical uncertainty.

Goldman Sachs raised its 2025 gold price forecast to $3,100 an ounce, up from $2,890 previously. The main reason is that central bank demand for gold remains high.

Additionally, if concerns about the US government's ability to repay debt increase, gold prices could rise another 5%, to $3,250/ounce by December 2025.

Carsten Fritsch, a commodity analyst at Commerzbank, remains bullish on gold but cautions: "It seems that the recent record high is not the final peak. Prices approaching the $3,000/ounce mark will support the rally, but at the same time increase the risk of a correction," he said.

In a recent research note, Adam Turnquist, chief technical strategist at LPL Financial, said that in the short term, gold is overbought and vulnerable to renewed selling pressure that could push it back to support near $2,800 an ounce. However, in the long term, even if gold hits $3,000 an ounce, the precious metal will still be relatively cheap.

Joni Teves, a strategist at Swiss bank UBS, said: "The strong bullish sentiment and unprecedented volatility in the gold market suggests that the peak is yet to come." She raised her 2025 average gold price forecast from $2,800 to $2,900 an ounce and said prices could peak at $3,200 next year.

Gold expert Tran Duy Phuong believes that, regarding the gold price trend for the whole year, due to unexpected and unpredictable changes from the Donald Trump administration, the world gold price could reach a maximum of 3,100 USD/ounce. This price could appear at the end of the second quarter, at the latest in the third quarter.

In the next half year, the price of gold will increase and decrease, but the general trend is upward. When it reaches a peak of about 3,100 USD/ounce, the price will start to cool down. In the last 4-5 months of the year, the price of gold will be more stable because the series of unstable news mainly from the US's actions has been consumed by the market.

BullionVault's analysis shows that the 2025 gold price forecasts using artificial intelligence (AI) predict that gold will end the year above $3,000 an ounce. However, as Mark Twain once said, 'It is very difficult to predict the future, especially when talking about the future.' We will have to wait and see whether gold prices reach new records.