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News, gold price forecast tomorrow May 19, 2025 Domestic and world gold prices continue to decline at the beginning of the week

Gold prices on May 19, 2025 in the country and the world continued to decrease sharply at the beginning of the week, pressure from the USD and market sentiment. Forecast fluctuates between 3,150-3,200 USD/ounce.

Báo Quảng NamBáo Quảng Nam18/05/2025

Update the latest gold price details today, May 18, 2025 in the domestic market

At the time of survey at 00:00 on May 18, 2025, the price of SJC gold in Hanoi and Ho Chi Minh City is currently listed at 115.5 million VND/tael for buying and 118.5 million VND/tael for selling. Similarly, at DOJI Group, the buying and selling prices are 115.5 million VND/tael and 118.5 million VND/tael, respectively.

At Mi Hong Gold and Gemstone Company, the buying price is 117 million VND/tael, while the selling price is 118.5 million VND/tael.

Notably, the current buying price at PNJ is only 111 million VND/tael, while the selling price is 114 million VND/tael.

The buying and selling prices of SJC gold at Bao Tin Minh Chau are VND115.5 million/tael and VND118.5 million/tael, respectively. Meanwhile, at Phu Quy, the buying price remains at VND115 million/tael, but the selling price is VND114 million/tael.

As of 00:00 today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 111.0-114.0 million VND/tael (buy - sell); the difference between buy and sell prices is 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 114.0-117.0 million VND/tael (buy - sell). The difference between the buy and sell prices is 3 million VND/tael.

The latest gold price update table today, May 18, 2025 is as follows:

Gold price today
BuySell
SJC in Hanoi 115.5 - 118.5 -
DOJI Group 115.5 - 118.5 -
Red Eyelashes 117.0 - 118.5 -
PNJ 111.0 - 114.0 -
Vietinbank Gold 118.5 -
Bao Tin Minh Chau 115.5 - 118.5 -
Phu Quy 115.0 - 118.5 -
1. DOJI - Updated: May 18, 2025 00:00 - Source website time - ▼/▲ Compared to yesterday.
Type Buy Sell
AVPL/SJC HN 115,500 118,500
AVPL/SJC HCM 115,500 118,500
AVPL/SJC DN 115,500 118,500
Raw material 9999 - HN 108,200 111,500
Raw material 999 - HN 108,100 111,400
2. PNJ - Updated: May 18, 2025 00:00 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
HCMC - PNJ 111,000 114,000
HCMC - SJC 115,500 118,500
Hanoi - PNJ 111,000 114,000
Hanoi - SJC 115,500 118,500
Da Nang - PNJ 111,000 114,000
Da Nang - SJC 115,500 118,500
Western Region - PNJ 111,000 114,000
Western Region - SJC 115,500 118,500
Jewelry gold price - PNJ 111,000 114,000
Jewelry gold price - SJC 115,500 118,500
Jewelry gold price - Southeast PNJ 111,000
Jewelry gold price - SJC 115,500 118,500
Jewelry gold price - PNJ 999.9 Plain Ring 111,000
Jewelry gold price - Kim Bao Gold 999.9 111,000 114,000
Jewelry gold price - Phuc Loc Tai Gold 999.9 111,000 114,000
Jewelry gold price - Jewelry gold 999.9 111,000 113,500
Jewelry gold price - Jewelry gold 999 110,890 113,390
Jewelry gold price - Jewelry gold 9920 110,190 112,690
Jewelry gold price - Jewelry gold 99 109,970 112,470
Jewelry gold price - 750 gold (18K) 77,780 85,280
Jewelry gold price - 585 gold (14K) 59,050 66,550
Jewelry gold price - 416 gold (10K) 39,870 47,370
Jewelry gold price - 916 gold (22K) 101,570 104,070
Jewelry gold price - 610 gold (14.6K) 61,890 69,390
Jewelry gold price - 650 gold (15.6K) 66,430 73,930
Jewelry gold price - 680 gold (16.3K) 69,830 77,330
Jewelry gold price - 375 gold (9K) 35,210 42,710
Jewelry gold price - 333 gold (8K) 30,110 37,610
3. SJC - Updated: 18/5/2025 00:00 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 115,500 118,500
SJC gold 5 chi 115,500 118,520
SJC gold 0.5 chi, 1 chi, 2 chi 115,500 118,530
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 111,000 114,000
SJC 99.99% gold ring 0.5 chi, 0.3 chi 111,000 113,400
Jewelry 99.99% 111,000 113,400
Jewelry 99% 107,777 112,277
Jewelry 68% 70,769 77,269
Jewelry 41.7% 40,942 47,442

Update gold price today May 18, 2025 latest on the world market

At the time of trading at 0:00 on May 18, 2025 (Vietnam time), the world gold price recorded by Kitco was at 3,198.67 USD/ounce. Converted according to the USD exchange rate on the free market (26,110 VND/USD), the world gold price is equivalent to about 101.2 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (115.7-118.5 million VND/tael), the SJC gold price is currently about 17.3 million higher than the international gold price.

The world gold price yesterday, May 17, 2025, recorded a sharp decline, marking the worst week in the past 6 months. As of 16:33 (GMT), the spot gold price decreased by 0.9%, down to 3,210.19 USD/ounce. Overall, the gold price lost more than 3% of its value for the week, the sharpest decline since November 2024.

The main reason for the sharp decline in gold prices was the strengthening of the US dollar and positive signals from the interim trade deal between the US and China. According to Nitesh Shah, commodity strategist at WisdomTree, optimism about trade negotiations has reduced demand for gold, which is considered a safe haven asset in times of uncertainty. At the same time, the strengthening of the US dollar makes gold less attractive to investors holding other currencies.

This week, the US and China reached an agreement to temporarily reduce retaliatory tariffs imposed since April, which has improved investor sentiment in global financial markets. However, the recovery of the US dollar, with its fourth consecutive weekly gain, continued to put pressure on gold prices.

Gold hit a record high of $3,500.05 an ounce last month, buoyed by central bank buying, trade war concerns and strong investment demand. However, recent economic optimism and trade talks have dented some of the appeal of the metal.

Still, some experts say gold prices could find support in the near term. Signs of slowing inflation and weaker-than-expected economic data in the United States last week have bolstered expectations that the Federal Reserve will cut interest rates again this year. Low interest rates are generally good for gold, as the precious metal does not yield interest but is seen as a safe store of value.

Despite the decline in gold prices this week, investors continued to buy on dips, suggesting that gold remains a popular asset amid uncertainty over global growth and inflation, said Tim Waterer, market analyst at KCM Trade.

Besides gold, other precious metals also recorded losses yesterday. Silver prices fell 1.2% to $32.28 an ounce, while platinum fell 0.4% to $985.30 an ounce, and palladium fell 1% to $958.56 an ounce.

In general, the gold price yesterday, May 17, 2025, on the world market was under a lot of pressure from the recovery of the USD and the optimism about global trade. However, gold still plays an important role in the investment portfolio of many investors, especially in the context of economic and inflation fluctuations.

Gold price forecast tomorrow 5/19/2025

The domestic gold price on May 19, 2025 is expected to decrease slightly, fluctuating between VND114.5 - 117.5 million/tael for SJC gold bars, closely following the world gold price trend. However, the gap between domestic and international gold prices may narrow if the State Bank continues to take regulatory measures, such as increasing inspections of gold trading enterprises. Financial expert Phan Dung Khanh commented that bringing domestic gold prices closer to world prices is a long-term goal, but it will take time to implement.

The spot gold price on Kitco on May 19, 2025 may continue its correction trend, with the expected price range ranging from 3,150 - 3,200 USD/ounce. Some of the main factors affecting the gold price include:

Risk-on sentiment: Progress in US-China trade talks, along with agreements in the Middle East, have eased fears of a recession. This has prompted money to move into riskier assets such as stocks and Bitcoin, putting pressure on safe-haven gold.

USD recovers: Improvements in US economic data, especially the ISM services index (53.5 points in February 2025), have supported the USD to increase, reducing the attractiveness of gold.

Fed interest rate expectations: Lower-than-expected PPI inflation and retail sales data in the US (PPI decreased by 0.5% in April 2025) paved the way for the possibility of a Fed rate cut. However, the current market sentiment does not clearly reflect this expectation, causing gold to temporarily lose its upward momentum.

According to Professor Thorsten Polleit (University of Bayreuth), gold prices may hit below $3,000/ounce in the short term, but the long-term uptrend is still maintained thanks to factors such as inflation, geopolitical risks and demand from central banks. Ole Hansen from Saxo Bank also agreed, emphasizing that gold needs time to consolidate before returning to the uptrend.

Source: https://baoquangnam.vn/tin-tuc-du-bao-gia-vang-ngay-mai-19-5-2025-gia-vang-trong-nuoc-va-the-gioi-tiep-tuc-chuoi-giam-dau-tuan-3155048.html


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