Gold price update at the closing session on May 18: Unexpected reversal, strong recovery

SJC gold bar price

As of 7:25 PM, SJC gold bar prices were listed by DOJI at the threshold of 161.3-133.8 million VND/tael (buying - selling), an increase of 800,000 VND/tael on the buying side and an increase of 300,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 161.3-133.8 million VND/tael (buying - selling), an increase of 800,000 VND/tael on the buying side and an increase of 300,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 160.5-163.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

9999 gold ring price

As of 7:25 PM, DOJI listed the price of gold rings at the threshold of 161.3-133.8 million VND/tael (buying - selling), an increase of 800,000 VND/tael on the buying side and an increase of 300,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 160.8-163.8 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at 160.5-163.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

The buying - selling price difference of gold is at a very high level, around 2.5 to 3 million VND/tael, posing a risk of losses for investors.

World gold price

At 7:25 PM, world gold prices were listed around 4,550.6 USD/ounce, up 11.4 USD compared to the previous day.

Gold price forecast

Although world gold prices are under adjustment pressure due to increased bond yields, stronger USD and concerns about prolonged inflation, many major financial institutions still maintain a positive outlook on the precious metal in the long term.

According to Reuters, world gold prices at one point fell to their lowest level in more than 1 month as tensions in the Middle East pushed oil prices up sharply, increasing concerns about inflation and causing the market to expect interest rates to remain high longer. Increased US bond yields also put pressure on gold - an unprofitable asset.

However, analysts believe that the current decline mainly reflects short-term pressure, while long-term supporting factors for gold have not changed. The demand for gold from central banks, geopolitical tensions and the trend of diversifying reserve assets continue to be considered important drivers of the market.

JPMorgan recently remained optimistic about gold despite lowering its 2026 average forecast. The bank believes that gold prices could reach $6,300/ounce by the end of 2026 thanks to strong buying from central banks and global investors.

Some experts believe that the escalation of oil prices due to the conflict in the Middle East is creating more global inflationary pressure. This may cause the US Federal Reserve (Fed) to maintain a tight monetary policy longer than expected, which is detrimental to gold in the short term. However, in the context of geopolitical risks not cooling down, gold is still considered a safe haven whenever the financial market fluctuates strongly.

Reuters said that investors are also closely monitoring the Fed's policy outlook after the market began to expect the possibility of interest rate hikes returning at the end of this year.

However, many major financial institutions believe that any correction of gold may only be temporary. In the long term, the precious metal is still supported by central bank hoarding demand, geopolitical instability and global inflation risk hedging trends.