Gold price update morning of February 18th: Sharp drop, losing 178 USD after one day

Khương Duy |

Gold price update morning of February 18th: World gold prices fall sharply. Domestic gold market goes sideways due to the closing of trading during the Lunar New Year.

SJC gold bar price

As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at 176-179 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.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

SJC gold bar price is listed by Bao Tin Minh Chau at 178-181 million VND/tael (buying - selling), unchanged. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 176-179 million VND/tael (buying - selling), unchanged in both directions. The difference between buying and selling prices is at 3 million VND/tael.

Giá vàng miếng SJC tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
SJC gold bar price at some business units. Unit: VND/tael. Table: Khuong Duy

9999 gold ring price

As of 6:00 AM, DOJI Group listed the price of gold rings at 175.6-178.6 million VND/tael (buying - selling), unchanged in both directions compared to the previous day. The buying - selling difference is at 3 million VND/tael.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Gold ring price movements in recent trading sessions. Chart: Khuong Duy

Bao Tin Minh Chau listed the price of gold rings at 178-181 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.

Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 175.7-178.7 million VND/tael (buying - selling), unchanged in both directions. The buying - selling difference is at 3 million VND/tael.

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

Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
Price of plain gold rings at some business units. Unit: VND/tael. Table: Khuong Duy

World gold price

At 1:23 am, world gold prices were listed around the threshold of 4,878.1 USD/ounce, down sharply by 178.3 USD/ounce.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Developments in world gold prices in recent trading sessions. Chart: Khuong Duy

Gold price forecast

Gold and silver prices fell sharply as weak buy position clearing activities appeared from short-term futures traders. The upward momentum of the USD index and the downward decline in crude oil prices in today's session also became external factors that disadvantage precious metals right at the beginning of the shortened trading week due to the holiday in the US.

The most recent gold contract for April delivery fell 141.50 USD, to 4,904.1 USD. Silver for March delivery fell 4.174 USD, to 73.66 USD.

Iran and the US have conducted the second round of nuclear talks in Geneva (Switzerland), to find ways to avoid the risk of a recurrence of conflict in the Middle East. This information also puts pressure on safe-haven metal groups, although the possibility of reaching an agreement between the two sides is assessed as still far away.

Technically, buyers on the April gold futures market are holding a certain advantage, with the next goal of bringing the closing price above the strong resistance level of 5,250 USD/ounce. In the opposite direction, sellers expect to pull the price down below the important technical support zone at the bottom of last week, 4,670 USD/ounce.

The nearest resistance levels are determined at 5,000 USD/ounce and the daily peak of 5,074.40 USD/ounce. Meanwhile, the immediate support zone is at 4,900 USD/ounce, followed by 4,800 USD/ounce.

The Wyckoff market rating index reached 6.0 points, showing that the price trend is still slightly in the upward direction, although the buying force is not strong enough to create an overwhelming advantage.

On outside markets, the USD index rose, while crude oil prices weakened, trading around 62.25 USD/barrel. The yield on 10-year US Treasury bonds is currently at around 4.03%, the lowest in 2.5 months.

Gold price data is compared to the previous day.

The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.

The second is the futures contract market, where prices are set for futures delivery. Due to year-end closing activities, December gold futures contracts are currently the most actively traded type on the CME.

See more news related to gold prices HERE...

Khương Duy
RELATED NEWS

Series of major banks raise gold price forecast for 2026, range 4,450 - 6,300 USD

|

Major banks are simultaneously raising their gold price forecast for 2026, with the most optimistic scenario up to 6,200 - 6,300 USD/ounce.

Gold price update morning of February 16th: Sideways, experts predict unexpectedly

|

Gold price update morning of February 16: Sideways after a week of strong fluctuations. Some experts give noteworthy forecasts on short-term price trends.

Gold prices rebound but experts warn volatility is not over

|

Gold prices regained the 5,000 USD/ounce mark, but experts warn that the recent sell-off shows that the market is still looking for a balance.

Ngoc Hoang" Quoc Khanh, Chi Trung once starred in a special movie about Tet

|

Before meeting in Tao Quan 2003, "Ngoc Hoang" Quoc Khanh, Meritorious Artist Chi Trung, Meritorious Artist Quang Thang once co-starred in the movie "Who will be the first visitor this Tet?".

Khanh Hoa Agarwood finds outlets through online market

|

Khanh Hoa - Not only busy with Tet orders, people in the agarwood shaving village also apply digital technology, bringing products to the world.

Forecast of the shifting trend of real estate investment cash flow

|

It is predicted that investment cash flow will be strongly repositioned as infrastructure accelerates, administrative planning changes, and suburban cities emerge as new focal points.

Tet goes to Hon Son to see fish swimming close to the shore, eat fresh seafood

|

Tet is the time when Hon Son beach is in a beautiful season, many tourists assess that the travel cost here is quite reasonable, and the seafood is fresh and delicious.

Weather today 18/2 (2nd day of Tet): Cold air causes cold rain

|

Weather today 18/2 (2nd day of Tet), the Northern region has rain, scattered light rain; cold weather, mountainous areas have places with deep cold due to cold air impact.

Series of major banks raise gold price forecast for 2026, range 4,450 - 6,300 USD

Khương Duy |

Major banks are simultaneously raising their gold price forecast for 2026, with the most optimistic scenario up to 6,200 - 6,300 USD/ounce.

Gold price update morning of February 16th: Sideways, experts predict unexpectedly

Khương Duy |

Gold price update morning of February 16: Sideways after a week of strong fluctuations. Some experts give noteworthy forecasts on short-term price trends.

Gold prices rebound but experts warn volatility is not over

Khương Duy |

Gold prices regained the 5,000 USD/ounce mark, but experts warn that the recent sell-off shows that the market is still looking for a balance.