Gold price today 2/15/2025: Gold prices have skyrocketed to a record high and are currently trading at that unprecedented price range. Is the next gold price target for bulls, the solid resistance level of $3,000, well-founded?
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 89,200 ▲200K | 91,200 ▲550K |
| HCMC - SJC | 88,300 ▲600K | 91,300 ▲600K |
| Hanoi - PNJ | 89,200 ▲200K | 91,200 ▲550K |
| Hanoi - SJC | 88,300 ▲600K | 91,300 ▲600K |
| Da Nang - PNJ | 89,200 ▲200K | 91,200 ▲550K |
| Da Nang - SJC | 88,300 ▲600K | 91,300 ▲600K |
| Western Region - PNJ | 89,200 ▲200K | 91,200 ▲550K |
| Western Region - SJC | 88,300 ▲600K | 91,300 ▲600K |
| Jewelry gold price - PNJ | 89,200 ▲200K | 91,200 ▲550K |
| Jewelry gold price - SJC | 88,300 ▲600K | 91,300 ▲600K |
| Jewelry gold price - Southeast | PNJ | 89,200 ▲200K |
| Jewelry gold price - SJC | 88,300 ▲600K | 91,300 ▲600K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 89,200 ▲200K |
| Jewelry gold price - Jewelry gold 999.9 | 88,400 ▲500K | 90,900 ▲500K |
| Jewelry gold price - Jewelry gold 999 | 88,310 ▲500K | 90,810 ▲500K |
| Jewelry gold price - Jewelry gold 99 | 87,590 ▲490K | 90,090 ▲490K |
| Jewelry gold price - 916 gold (22K) | 80,860 ▲450K | 83,360 ▲450K |
| Jewelry gold price - 750 gold (18K) | 65,830 ▲380K | 68,330 ▲380K |
| Jewelry gold price - 680 gold (16.3K) | 59,460 ▲340K | 61,960 ▲340K |
| Jewelry gold price - 650 gold (15.6K) | 56,740 ▲330K | 59,240 ▲330K |
| Jewelry gold price - 610 gold (14.6K) | 53,100 ▲310K | 55,600 ▲310K |
| Jewelry gold price - 585 gold (14K) | 50,830 ▲300K | 53,330 ▲300K |
| Jewelry gold price - 416 gold (10K) | 35,460 ▲200K | 37,960 ▲200K |
| Jewelry gold price - 375 gold (9K) | 31,740 ▲190K | 34,240 ▲190K |
| Jewelry gold price - 333 gold (8K) | 27,650 ▲170K | 30,150 ▲170K |
Update gold price today 2/15/2025
Global gold prices surge to new record highs as tariff threats mount.
Gold prices traded at an all-time high, with the most active April contract currently fixed at $2,958.40 an ounce, or up 1.02% after taking into account a net gain of $29.70.
The weakening of the US dollar has been by far the biggest contributor to the rise in gold prices, driving the metal higher. The weakness of the US dollar, meanwhile, is a direct result of two factors: concerns about tariffs and the US economy’s January Producer Price Index report. Concerns have been heightened by new US President Trump’s announcement that he would impose reciprocal tariffs on countries that tax US imports.
The US Bureau of Labor Statistics released its Consumer Price Index (CPI) report for January, showing inflation rose 0.5%, beating December's 0.4% gain and forecasts. Meanwhile, US producer prices rose sharply in January, providing further evidence that inflation is picking up and reinforcing financial market views that the US Federal Reserve (Fed) will not cut interest rates before the second half of the year, according to Reuters.
According to the World and Vietnam Newspaper at 5:15 p.m. on February 14 (Hanoi time), the world gold price traded on the Kitco electronic floor was at 2,930.40 - 2,931.40 USD/ounce , an increase of 2.7 USD/ounce compared to the previous trading session.
Market analysts say a remarkable technical pattern has emerged in the current gold price action. Accordingly, the market has had 7 consecutive weeks of price increases, starting from December 30. This rare event has only one precedent in the history of gold trading - observed in the summer of 2011, when gold increased by 395 USD for 7 consecutive weeks. Three weeks later in September 2011, gold traded at an intraday high of 1,923.70 USD, creating a new record high above 1,900 USD/ounce for the first time in history.
The similarities between these two seven-week bull runs are striking, as both periods coincided with gold hitting record highs. Market participants should now be watching closely to see if the current streak can be replicated before a price correction.
The next upside target for gold bulls is now solid resistance at $3,000 an ounce. Analysts say the gold market has recently brushed aside pessimistic external markets and negative economic reports. That is a sign that safe-haven demand remains strong, including from some central banks around the world, for the yellow metal amid uncertainty and concerns that new U.S. trade tariffs could dampen global economic growth.
The key outside markets today saw the USDX index lower. Nymex crude oil futures were slightly lower, trading around $71.25 a barrel. The yield on the benchmark 10-year US Treasury note is currently at 4.533%.
Domestic gold prices skyrocketed on Valentine's Day.
The price of gold bars and gold rings increased sharply, with the highest increase being 600,000 VND/tael in both buying and selling, trading at a very high level.
The price of SJC gold bars traded at Saigon Jewelry Company, Phu Quy Company, Doji Group, and Bao Tin Minh Chau was simultaneously at 88.3 - 91.3 million VND/tael, an increase of 600,000 VND/tael compared to yesterday in both directions.
The price of plain round gold rings is traded by Bao Tin Minh Chau Company at 89.3 - 91.3 million VND/tael, an increase of 200,000 VND/tael compared to yesterday in the buying direction, and an increase of 600,000 VND/tael in the selling direction; At PNJ, gold rings are traded at 89.3 - 91.3 million VND/tael.
 |
| Gold price today February 15, 2025: Gold price repeats history of increasing for 7 consecutive weeks, buyers ignore all reports, Bitcoin market is also excited. (Source: Kitco) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of trading session on February 14:
Saigon Jewelry Company SJC: SJC gold bars 88.3 - 91.3 million VND/tael; SJC gold rings 88.3 - 91.1 million VND/tael.
DOJI Group: SJC gold bars 87.70 - 90.70 million VND/tael; 9999 round rings (Hung Thinh Vuong) 89.00 - 90.70 million VND/tael.
PNJ system: SJC gold bars 88.3 - 91.3 million VND/tael; PNJ 999.9 plain gold rings at 89.3 - 91.3 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 88.3 - 91.3 million VND/tael; Phu Quy 999.9 round gold rings: 89.20 - 91.20 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 88.3 - 91.3 million VND/tael; round gold ring price is 89.3 - 91.3 million VND/tael.
Is there excessive excitement, speculation and optimism in Bitcoin?
After hitting an all-time high above $100,000 last month, Bitcoin has struggled to gain fresh momentum. The rally has ended.
In a recent report, crypto strategists at BCA Research said that while they remain long-term bulls in the crypto market, the market has become overcrowded. “While institutional adoption of cryptocurrencies is expanding, there are also signs of excessive excitement, speculation, and optimism,” the analysts said in the report.
“Given these conditions, it seems likely that there will be a short-term correction. We are taking profits and will look to re-enter the market at $75,000,” BCA Research said. The comments came as Bitcoin is currently trading at $95,855 per token.
BCA noted that it has been bullish on Bitcoin and the cryptocurrency market since early 2023 when prices were trading around $23,000. Although institutional investors are now starting to adopt digital currencies through exchange-traded funds, the Montreal-based research firm said there appears to be too much excitement in the market, creating a dangerous environment for latecomers.
Analysts have pointed to the rise of meme currencies and President Donald Trump as examples of the excitement. Ahead of his inauguration, Trump launched his own memecoin, $TRUMP, hosted on the Solana blockchain. Two days after its launch, the coin had a market capitalization of more than $75 billion. That means “in just a few hours, Trump has created a fortune many times greater than his entire life investing in real estate.” However, since its launch, $TRUMP has also fallen about 80% from its high.
The above real-world example, “coupled with the current excessive optimism around Bitcoin and cryptocurrencies, is a sign that the market is nearing a top,” BCA researchers warned.
Vietnamese law currently does not recognize Bitcoin as a legal means of payment. Therefore, using Bitcoin cryptocurrency as a means of payment in Vietnam is a violation of the law and may be subject to administrative sanctions or criminal prosecution, depending on the severity of the violation. |
Source: https://baoquocte.vn/gia-vang-hom-nay-1522025-gia-vang-lap-lai-lich-su-tang-7-tuan-lien-tiep-phe-mua-phot-lo-moi-bao-cao-canh-bao-su-lac-quan-qua-muc-vao-bitcoin-304296.html
Comment (0)