World gold has just experienced a week of strong fluctuations. For most of the week, gold reached above 2,900 USD/ounce. Due to profit-taking activities, gold lost the upper resistance price before the end of the week.

Geopolitical tensions have eased somewhat over the past week, reducing the appeal of gold as a safe haven, according to Phillip Streible, chief market strategist at Blue Line Futures. President Donald Trump spoke by phone with Russian President Vladimir Putin about the possibility of ending the war in Ukraine.

At the same time, while Mr. Trump continues to threaten the world with aggressive trade tariffs, the White House chief has delayed any major action until a country-by-country review is conducted, which is expected to be completed in April.

According to analysts, despite the negative fluctuations of gold in the short term, gold prices will continue to increase sharply in the next 10 days because Mr. Trump's policies remain unpredictable.

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World gold will continue to increase strongly after Mr. Trump's tax announcements. Photo: HH

Ricardo Evangelista, senior analyst at ActivTrades, said that amid economic and geopolitical uncertainty and President Trump’s hesitation, the outlook for gold prices is bleak but not catastrophic.

Naeem Aslam, chief investment officer at Zaye Capital Markets, noted that the precious metal will continue to show steady strength over the next 10 days. The US consumer price index showed inflation rose to 3% in January, higher than expected. Meanwhile, Federal Reserve Chairman Powell testified before the US Congress that the central bank will not rush to cut interest rates because inflation risks remain high and the labor market remains very strong.

Julia Khandoshko, CEO of Mind Money, said that despite the decline in gold last week, she remains optimistic in the long term. She predicted that economic and political uncertainty will continue to support the precious metal through 2025.

“The more Trump announces his policies, the more chaos there is in the market. Therefore, investors and institutions are increasingly looking for reliable assets like gold as a tool to protect their assets,” she said.

In addition, Ms. Julia Khandoshko emphasized that, even if inflationary pressures remain high, central banks, led by the Fed, will be forced to cut interest rates when the global economy enters recession. Gold will then remain an important safe-haven asset.

In the domestic market, gold rings and SJC rose above VND91 million/tael last week and fell sharply at the end of the week. SJC gold ended the week at VND87.3-90.3 million/tael (buy-sell).

In the coming time, gold rings and SJC will continue to fluctuate strongly in both directions. The impacts from world gold will strongly affect the domestic market.

Gold price today February 16, 2025 decreased, SJC gold decreased by 1 million VND per tael Gold price today February 16, 2025, spot gold price on the world market decreased, leaving the mark of 2,900 USD/ounce. Domestic SJC gold price decreased by 1 million VND, leaving the mark of 91 million VND/tael.