On February 22, 2025, the global gold price experienced slight declines, now pegged at $2,936 per ounce, reflecting broader economic uncertainties. Domestically, the gold price of SJC remained unchanged, selling for nearly 92 million VND per tael. The tensions surrounding new tariffs proposed by the United States have created concerns over inflation and global economic growth, which heavily influenced market movements.
According to THPL, this international dip saw gold decrease by $4.42 within 24 hours, marking a 0.15% decline overall. The U.S. Treasury Secretary, Scott Bessent, alleviated market fears by denying speculation around the government reconsidering its gold reserve pricing, providing some stability amid fluctuated economic expectations.
Compounding the situation, new data from Swiss customs indicated significant growth in gold exports to the U.S., with figures reaching their highest levels in over 13 years. This surge reflects heightened demand for gold within the American market and solidifies the metal's position as investors look for safe-haven assets during turbulent times.
By 9:30 AM local time, following the updated prices, gold piece rates had fallen by 600,000 VND for both the buying and selling sides compared to previous values. Multiple Vietnamese gold companies, including SJC and DOJI, noted selling rates remaining at approximately 91.7 million VND, with purchasing near 89.4 million VND
The stability of these prices has surprised many as the gold brackets across reputable brands stayed consistent. For example, the DOJI brand gold trading prices were listed at 90.8 million for selling and 90 million for buying.
Meanwhile, Bitcoin saw noticeable fluctuations over the same period. According to data from Coindesk, as of 8 AM on February 22, the cryptocurrency traded around $96,209, experiencing a dip of 2.2% over 24 hours. The total market capitalization for Bitcoin was recorded at approximately $1.91 trillion, accounting for 59% of the entire cryptocurrency market.
The liquidity value for Bitcoin soared to more than $110.9 billion, displaying growth of nearly 70% compared to February 21. Despite the upswing, as the morning progressed, Bitcoin’s value fluctuated, dropping from highs of $98,000 down to the $95,000 mark before stabilizing around $96,000.
The overall cryptocurrency market capitalization on the morning of February 22 was noted above $3.234 trillion, down 1.9% from the previous 24 hours. This decline was echoed across most of the leading cryptocurrencies, with 9 out of the top 10 experiencing negative adjustments, particularly the TRX token which fell by 3.8%.
Market analysts are closely observing both assets as economic conditions evolve. Rising interest rates, inflation fears, and international tensions are prompting many investors to reconsider their portfolios. The juxtaposition of gold's traditional status as a safe-haven against Bitcoin's volatility presents intriguing opportunities as these markets continue to stabilize or shift.
With gold maintaining its middle ground amid trade tensions, and Bitcoin's rigorous action showcasing its ethereal value, both markets will likely see continuing shifts as external factors play out.