Updated SJC gold price
As of 9:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND 88.3-90.8 million/tael (buy - sell); increased by VND 700,000/tael for buying and increased by VND 200,000/tael for selling.
The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2.5 million VND/tael.
Meanwhile, the price of SJC gold bars was listed by DOJI Group at 88.3-90.8 million VND/tael (buy - sell); increased by 700,000 VND/tael for buying and increased by 200,000 VND/tael for selling.
The difference between the buying and selling prices of SJC gold at DOJI Group is at 2.5 million VND/tael.
At the same time, Bao Tin Minh Chau listed the price of SJC gold bars at 88.3-90.8 million VND/tael (buy - sell); increased by 700,000 VND/tael for buying and increased by 200,000 VND/tael for selling.
The difference between buying and selling SJC gold at Bao Tin Minh Chau is at 2.5 million VND/tael.
9999 round gold ring price
As of 9:10 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND89.1-90.8 million/tael (buy - sell); an increase of VND200,000/tael for both buying and selling compared to early this morning.
The difference between buying and selling is at 1.7 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 89.25-90.8 million VND/tael (buy - sell), an increase of 300,000 VND/tael for buying and an increase of 200,000 VND/tael for selling compared to early this morning.
The difference between buying and selling is at 1.55 million VND/tael.
World gold price
As of 9:15 a.m., the world gold price listed on Kitco was at 2,897.9 USD/ounce, up 2.7 USD/ounce compared to the beginning of the previous trading session.
Gold price forecast
World gold prices recovered despite the increase of the USD. Recorded at 9:15 a.m. on February 18, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 106.5780 points (up 0.15%).
ActivTrades analyst Ricardo Evangelista said that gold is likely to remain above $2,900/ounce thanks to its role as a safe-haven asset. Investors are looking to gold to protect their portfolios from the risk of US tariffs, which could lead to a multilateral trade war and negatively impact the global economy. In addition, gold prices are also supported by geopolitical instability.
In the latest gold report, Tim Hayes - Director of Global Investment Strategy at Ned Davis Research - said that the weakening of the USD and falling bond yields are factors that benefit gold in the short term.
The potential risks of rising bond yields and a stronger US dollar have all declined. Our short-term USD index is showing a negative signal, which creates a positive momentum for gold.
In addition, the reversal in real-yield momentum over the past 10 years and anti-inflationary bond yields have brought these indicators closer to the new bullish signal zone, Hayes wrote in the report.
Notable economic data this week
February 18, 2025: Speech by US President Donald Trump
President Donald Trump's February 18 speech could disrupt the market. Although the speech is considered "temporary", the market will still closely monitor any statements related to the US economic strategy, fiscal stimulus, trade relations or tariff policies.
February 19, 2025: FOMC meeting minutes
Minutes of the Federal Open Market Committee (FOMC) meeting on February 19 will reveal the monetary policy outlook of the US Federal Reserve (FED). Because the market is very sensitive to interest rates, this minutes play an important role in determining whether the FED will continue to tighten or loosen monetary policy in the coming months.
February 20, 2025: Number of unemployment benefit applications in the US
Daily unemployment claims data is one of the most closely watched economic indicators. The forecast for unemployment claims in the week ending February 15 is 214,000, up slightly from 213,000 last week. This index reflects the state of the labor market and the health of the economy.
February 21, 2025: Preliminary manufacturing PMI
The preliminary manufacturing PMI helps predict the manufacturing situation and health of the economy. If the PMI is high, it shows that the manufacturing industry is developing well. Conversely, if the PMI is low, it could be a sign that the economy is slowing. The February preliminary manufacturing PMI forecast was 51.2, down from 52.4 in the previous month.
See more news related to gold prices HERE...
