Updated gold price at the end of session 15.2: All decreased

Updated SJC gold price

As of 7:15 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 87.3-90.3 million VND/tael (buy - sell), down 1 million VND/tael for both buying and selling.

The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 3 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 87.3-90.3 million VND/tael (buy - sell), down 1 million VND/tael for both buying and selling. The difference between the buying and selling prices of SJC gold was listed by Bao Tin Minh Chau at 3 million VND/tael.

DOJI Group listed the price of SJC gold bars at 87.3-90.3 million VND/tael (buy - sell), down 1 million VND/tael for both buying and selling. The difference between the buying and selling prices of SJC gold was listed by DOJI at 3 million VND/tael.

9999 round gold ring price

As of 20:15 today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 88.3-90.3 million VND/tael (buy - sell); down 1 million VND/tael for buying and down 800,000 VND/tael for selling. The difference between buying and selling is listed at 2 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 88.45-90.3 million VND/tael (buy - sell); down 850,000 VND/tael for buying and down 1 million VND/tael for selling. The difference between buying and selling is 1.85 million VND/tael.

World gold price

As of 20:15, the world gold price listed on Kitco was at 2,882.4 USD/ounce, down 52.3 USD/ounce compared to the same time of the previous session.

World gold prices fell sharply despite the decline of the USD. Recorded at 20:15 on February 15, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 106.580 points (down 0.6%).

The sharp decline in world gold prices surprised many investors in the context of the precious metal's increase continuously being consolidated in many previous sessions.

According to Kitco, gold prices are struggling as US retail sales fell sharply in January. Weak consumer data shows increased risks for the US economy. US retail sales fell sharply last month, down 0.9% after rising 0.7% in December (adjusted figures), according to the US Department of Commerce's announcement on Friday.

Phillip Streible - Chief Strategist at Blue Line Futures said that the decline in geopolitical tensions is reducing the safe-haven attractiveness of gold.

This week, US President Donald Trump held a phone call with Russian President Vladimir Putin about the possibility of ending the war in Ukraine. At the same time, despite continued threats of strong trade tariffs, he has delayed major moves until the completion of each country's assessment - expected to be completed in April.

This expert commented that the wave of profit-taking when gold prices increase is also a factor that causes the precious metal to decrease in price.

Gold price forecast

The latest weekly gold survey from Kitco News shows that industry experts are still bullish but more divided than last week. Meanwhile, retail traders are also cautious in expecting gold prices to continue to rise.

Of the 14 experts participating in the Kitco News Gold Survey, 10 people (equivalent to 71%) predict that gold prices will continue to increase next week. Two (14%) see the precious metal falling. The remaining two predict gold prices will remain flat.

Meanwhile, Kitco's online poll attracted 201 votes. Small investors are also less optimistic but still maintain a positive view on the outlook for gold. 131 retail traders (65%) expect gold prices to rise next week. 48 people (24%) predict prices will fall and the remaining 22 people (11%) see gold moving sideways in the short term.