Thai gold prices experienced severe volatility, adjusting rapidly 50 times in a single day, dropping 600 baht from the opening price.

Gold prices today, April 8, 69, closed lower in the domestic market by 600 baht per baht of gold from the opening price this morning. The selling price of gold ornaments is 73,300.00 baht per baht of gold. Overall, the price has decreased by over 650 baht from yesterday's closing price.

On April 8, 2569 according to the announcement of gold trade association The price of gold (96.5% purity) today opened at 9:02 AM and has been adjusted 50 times throughout the day, with the latest price as of 4:18 PM.

The selling price of gold jewelry is 73,300.00 baht per baht of gold. The purchase price is 70,857.84 baht/baht of gold.

For gold bars, the selling price is 72,500.00 baht per baht weight and the buying price is 72,300.00 baht per baht weight. Meanwhile, the Gold Spot price is at 4,782.00 dollars per ounce.

According to YLG's analysis, gold prices rose more than 2% today, surpassing $4,800 per ounce. This was driven by continued support from positive expectations for a relaxation of tensions in the Middle East after Donald Trump decided to postpone his planned attack on Iranian infrastructure for two weeks to allow for further negotiations. He also stated that the US had received a 10-point proposal from Iran that could form the basis for reaching an agreement.

With reports that Iran has agreed to temporarily open the Strait of Hormuz under the terms of a ceasefire, and Israel expressing support for a temporary ceasefire, the risk to energy supply has decreased, boosting market sentiment.

However, Bloomberg reported that Federal Reserve committee members remain concerned about inflation and the economic slowdown, with Philip Jefferson stating that interest rates are at a neutral level.

While John Williams believes that price pressures in the United States have not changed significantly, this reflects the continued uncertainty surrounding monetary policy direction.

Investors should closely monitor the FOMC meeting minutes, as they will be a key indicator of the direction of interest rates, the US dollar, and gold prices in the coming period.

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