Gold price today 22/2/2025: World gold prices have hit an all-time high in recent days, due to many solid fundamental factors. And while risks are still increasing, the bullish trend with gold is hard to ignore, the market continues to eye the level of 3,000 USD/ounce next week.
| 1. PNJ - Updated: 01/01/1970 08:00 - Website time of supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 90,100 | 91,700 |
| HCMC - SJC | 89,400 | 91,700 |
| Hanoi - PNJ | 90,100 | 91,700 |
| Hanoi - SJC | 89,400 | 91,700 |
| Da Nang - PNJ | 90,100 | 91,700 |
| Da Nang - SJC | 89,400 | 91,700 |
| Western Region - PNJ | 90,100 | 91,700 |
| Western Region - SJC | 89,400 | 91,700 |
| Jewelry gold price - PNJ | 90,100 | 91,700 |
| Jewelry gold price - SJC | 89,400 | 91,700 |
| Jewelry gold price - Southeast | PNJ | 90,100 |
| Jewelry gold price - SJC | 89,400 | 91,700 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 90,100 |
| Jewelry gold price - Jewelry gold 999.9 | 89,000 | 91,500 |
| Jewelry gold price - Jewelry gold 999 | 88,910 | 91,410 |
| Jewelry gold price - Jewelry gold 99 | 88,190 | 90,690 |
| Jewelry gold price - 916 gold (22K) | 81,410 | 83,910 |
| Jewelry gold price - 750 gold (18K) | 66,280 | 68,780 |
| Jewelry gold price - 680 gold (16.3K) | 59,870 | 62,370 |
| Jewelry gold price - 650 gold (15.6K) | 57,130 | 59,630 |
| Jewelry gold price - 610 gold (14.6K) | 53,470 | 55,970 |
| Jewelry gold price - 585 gold (14K) | 51,180 | 53,680 |
| Jewelry gold price - 416 gold (10K) | 35,710 | 38,210 |
| Jewelry gold price - 375 gold (9K) | 31,960 | 34,460 |
| Jewelry gold price - 333 gold (8K) | 27,850 | 30,350 |
Update gold price today 22/2/2025
World gold prices continue to fluctuate strongly, but are still hovering around all-time highs.
After a final attempt to test the weekly high ran out of steam at $2,941 an ounce, the market settled into a narrow trading range around $2,930 over the weekend.
According to the World and Vietnam Newspaper at 9:00 p.m. on February 21 (Hanoi time), the world gold price listed on the Kitco electronic floor was at 2,931.50 USD/ounce , down 6.8 USD/ounce compared to the previous trading session.
Gold prices have been volatile amid investor concerns over the US President's tariff threats. Risk-off sentiment has been heightened in the middle of this week, amid recent US trade tariff threats and rising tensions between the US and its European allies. Risks have continued to escalate as the "war of words" between US President Trump and his Ukrainian counterpart Zelenskiy has also contributed to market worries, as Trump may be "cooperating" more with Russian President Putin on negotiations to end the Russia-Ukraine conflict.
In addition, the US dollar index, which measures the greenback’s strength against a basket of major currencies, has also been on a steady decline. At current prices, gold is only about $25 an ounce away from its all-time high. Meanwhile, safe-haven and technical buying is still fueling the precious metal’s rally.
While gold prices remain on a strong uptrend, one research firm says investors may need to be more patient to reach their target of $3,000 an ounce. Commodity analysts at Metals Focus predict gold prices will reach $3,000 an ounce by the second quarter of 2025. However, gold is also at risk of profit-taking in the short term.
The US Federal Reserve's (Fed) flexible monetary policy remains a major headwind for gold. Minutes of the Fed's January 2025 monetary policy meeting showed that the central bank was in no rush to cut interest rates as inflation risks remained high. Gold prices thus benefited.
Goldman Sachs raised its forecast for gold prices by the end of 2025 from $2,890 an ounce to $3,100 an ounce. The main reason is that demand for gold from central banks remains high. In addition, if concerns about the US government's ability to repay its debt increase, gold prices could rise another 5% to $3,250 an ounce by December 2025.
In a recent research report, Adam Turnquist, chief strategist at LPL Financial, said that in the short term, gold is overbought and susceptible to profit-taking pressure, which could push prices back to support levels near $2,800 an ounce. In the long term, even if it hits $3,000 an ounce, the precious metal is still quite cheap.
The key outside markets today saw the US dollar index fall sharply. Nymex crude oil futures were higher and trading around $73.25 a barrel. The current yield on the 10-year US Treasury note is around 4.52%.
Domestic gold prices continue to fluctuate strongly, some surprises have occurred.
The price of 9999 round smooth gold rings was officially listed at a higher level than the price of SJC gold bars in both buying and selling directions, after many years of being behind. In a new development, on February 21, each tael of SJC gold bars and gold rings "held hands" and decreased by more than half a million VND, which was also the sharpest decrease recorded in the past 6 days. The sharp decrease in domestic gold prices was unexpected in the context of relatively stable and high world gold prices.
Trading units reported that there were more buyers than sellers, especially when the gold price unexpectedly turned down. However, most trading units still limited the amount of gold sold.
At the close of trading on February 21, the price of SJC gold bars was sharply adjusted down by trading units, currently listed at VND89.4 - 91.7 million/tael (buy - sell). The difference in buying - selling prices was also widened to VND2.3 million/tael in the context of strong fluctuations in gold prices.
The price of gold rings is listed by Saigon Jewelry Company SJC at 89.3 - 91.4 million VND/tael (buy - sell).
Bao Tin Minh Chau listed the price of plain round gold rings at 90.35 - 92.1 million VND/tael, down 350 - 300 thousand VND/tael in buying and selling compared to yesterday's closing price. At this price, the price of gold rings at Bao Tin Minh Chau is 650 thousand VND/tael more expensive than SJC gold bars in buying and 100 thousand VND/tael more expensive in selling.
DOJI Group reduced the price of 9999 gold rings to 90.3 - 92 million VND/tael, down 300 thousand VND/tael in both buying and selling prices compared to yesterday's closing price. Currently, DOJI's gold ring price is 600 thousand VND/tael higher than SJC gold bars in buying prices.
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| Gold price today February 22, 2025: Gold price continues to 'breakthrough', the $3,000 mark is closer than ever; domestic market has unexpected developments. (Source: Kitco News) |
Summary of SJC gold bar and gold ring prices at major domestic trading brands at the closing time of the trading session on February 20:
Saigon Jewelry Company SJC: SJC gold bars 89.4 - 91.7 million VND/tael; SJC gold rings 89.3 - 91.4 million VND/tael.
DOJI Group: SJC gold bars 89.4 - 91.7 million VND/tael; 9999 round rings (Hung Thinh Vuong) 90 - 91.7 million VND/tael.
PNJ system: SJC gold bars 89.4 - 91.7 million VND/tael; PNJ 999.9 plain gold rings at 90.10 - 91.90 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 89.4 - 91.7 million VND/tael; Phu Quy 999.9 round gold rings: 90.30 - 92 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at 89.4 - 91.7 million VND/tael; round gold ring price is 90.45 - 92.20 million VND/tael.
Converted according to the USD exchange rate at Vietcombank, the world gold price is equivalent to 90.6 million VND/tael, excluding taxes and fees. At this price, the domestic gold price is currently lower than the world gold price.
Unprecedented "winning streak", the $3,000 mark is very close?
Kitco News ' latest weekly gold survey shows that industry experts are even more cautious on the yellow metal's near-term outlook, while retail traders are moving in the opposite direction with renewed optimism about gold's price gains.
Volatility in the gold market is rising as the yellow metal hit a new record this week. And while risks are rising, the bullish trend is hard to ignore as analysts continue to eye $3,000 an ounce next week.
The gold market has been on an unprecedented “winning streak,” ending the past eight weeks not only in the positive but also at an all-time high. The precious metal is in the midst of its longest weekly rally since mid-2000, when prices first crossed the key $2,000/ounce threshold.
While the gold market may seem a bit overvalued, Christopher Vecchio, Head of Futures & Forex at Tastylive.com , said he can’t ignore the bullish momentum supported by solid fundamentals. “The bottom-left to top-right trendline for gold means it’s only a matter of time before gold prices rally to $3,000 an ounce and beyond,” Vecchio said.
Lukman Otunuga, Chief Market Analyst at FXTM , noted that gold has plenty of room to move higher. Demand for gold-backed exchange-traded funds has increased in recent weeks due to ongoing geopolitical uncertainty. He added that renewed geopolitical uncertainty in Europe will continue to boost safe-haven demand for gold next week.
James Stanley, senior market strategist at Forex.com , said he doesn't expect gold to face any major resistance until it hits $3,000 an ounce. He noted that this has become a psychologically important level that will take time to clear. "I expect gold to go to $3,000 but then stay there for a while," he said.
Stanley said that the gold price rally beyond $3,000 will depend on the US government's fiscal policy and the US Federal Reserve's monetary policy. "Gold is going higher because even though the Fed is pausing, they know they can't afford to raise interest rates any higher," he said.
Looking ahead to gold prices, Naeem Aslam, chief investment officer at Zaye Capital Markets, said inflation data could be the biggest risk for gold next week.
“The biggest risk to gold at this stage is a potential shift in monetary policy expectations; if inflation cools faster than expected or central banks adopt a more aggressive tightening approach, we could see downward pressure on prices,” he said. “In addition, any significant recovery in the US dollar or rising bond yields could challenge the current gold rally.”
Source: https://baoquocte.vn/gia-vang-hom-nay-2222025-gia-vang-tiep-tuc-dot-pha-moc-3000-usd-se-khong-gap-su-khang-cu-lon-nao-thi-truong-van-lac-quan-vao-tuan-toi-305118.html
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