Gold prices opened sharply lower today, dropping 850 baht! Ornamental gold fell below 72,000 baht. The market is watching the Trump-Xi situation closely.

Gold price today (15 May) opened at a price adjusted down 850 baht/baht of gold from yesterday's closing price. Gold jewelry selling price at 71,900.00 baht/baht of gold.

On May 15, 2026, as announced by the Gold Traders Association, the price of gold (96.5% purity) for today opened at 9:06 AM. For the domestic gold market, the price decreased by 850 baht per baht of gold compared to yesterday's closing price.

The gold ornaments were sold at a price of 71,900.00 baht/gold baht, while the purchase price was 69,478.28 baht/gold baht.

For gold bars, they sold at 71,100.00 baht/baht of gold and bought at 70,900.00 baht/baht of gold. The gold spot was at 4,616.00 dollars per ounce.

Mr. Poon Panichphibun, money market strategist, Krungthai GLOBAL MARKETS, Krung Thai Bank It has been revealed that, in terms of gold prices, the rise in both the US dollar and the 10-year US Treasury yield, coupled with the overall risk appetite in financial markets, has pressured gold prices (COMEX gold futures for June 2026 delivery) to continue falling and approach the $4,600 per ounce zone once again.

Global gold prices remain stable! Markets are watching the Trump-Xi Jinping meeting, awaiting developments in the Middle East and US interest rates.

Global gold prices remained stable as investors watched the meeting between Donald Trump and Xi Jinping, as well as the situation in the Middle East. A stronger dollar, however, pressured buying interest in gold globally.

CNBC reported that gold prices remained mostly flat on Thursday as investors focused on recent developments in the Middle East and the meeting between the U.S. president and Chinese President Xi Jinping.

Spot gold prices fell 0.1% to $4,680.26 per ounce, while U.S. gold futures (June delivery) declined 0.4% to $4,686.20.

The US dollar strengthened by 0.3%, making dollar-denominated gold more expensive for holders of other currencies.

Oil prices fell after Iranian media reported that around 30 ships passed through the Strait of Hormuz, despite reports of attacks in the area.

Bart Melek, head of global commodity strategy at TD Securities, said, “There is a risk of a significant drop in gold prices if the conflict in the Middle East is not resolved.”

The prospect of further interest rate cuts in the U.S. has significantly diminished, according to data from CME Group's FedWatch tool, following a rapid increase in U.S. producer and consumer prices in April, driven by energy sector support.

Although gold is often viewed as a hedge against inflation, high interest rates tend to negatively impact it, as it is an asset that does not yield returns in the form of interest.

Nikos Tzabouras, senior market analyst at Tradu.com, stated in a research report, "Gold prices still lack a clear direction as the market assesses geopolitical uncertainty, the economic impact of conflicts in the Middle East, and the hope that a meeting between Trump and Xi might help find a solution."

Meanwhile, Xi told Trump that trade negotiations were making progress on Thursday, but warned that differences of opinion on Taiwan could damage relations between the two countries. However, the summary of the discussions from the US side did not mention the issue of Taiwan.

Among other precious metals, the spot price of silver fell 3.6% to $84.84 per ounce, platinum dropped 3.1% to $2,071.53, and palladium declined 3.5% to $1,447.52.

refer : cnbc.com, gold trade association

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