Gold prices surged 400 baht today, reaching 68,050 baht for ornamental gold, boosted by news of a ceasefire between Israel and Iran.

Gold price today (June 9) opened at a price increase of 400 baht/baht of gold from yesterday's closing price. Gold jewelry selling price at 68,050.00 baht/baht of gold.

On June 9, 2569 according to the announcement of gold trade association Today's gold price (96.5% gold) market opens at 09.09:XNUMX a.m. For the domestic gold trading market, today's gold price increased by 400 baht/baht of gold from yesterday's closing price.

By gold jewelry sold at a price of 68,050.00 baht/ baht of gold. The purchase price is 65,703.44 baht/gold baht.

For gold bars, they sold at 67,250.00 baht/baht of gold and bought at 67,050.00 baht/baht of gold. The gold spot was at 4,329.00 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, uncertainty in the Middle East continues to put pressure on the rebound of gold prices (COMEX gold futures contract for August 2026), preventing gold prices from sustaining a rebound and breaking through the $4,400 per ounce zone.

Gold edged back from losses! Hopes for a ceasefire between Israel and Iran boosted the market, although strong US employment data pressured prices.

Gold prices remained stable after rebounding from the day's lows. Gold prices were boosted by hopes of a ceasefire between Israel and Iran, while strong U.S. employment data increased expectations of a Fed interest rate hike but limited further gains.

CNBC reported that gold prices were stable on Monday, after prospects for a ceasefire between Israel and Iran helped gold recover from its intraday lows, although strong U.S. employment data increased expectations of a Federal Reserve (Fed) interest rate hike and limited further price gains.

Spot gold prices rose 0.33% to $4,343.03 per ounce after earlier falling to their lowest level since March 23rd at $4,268.39.

Meanwhile, U.S. gold futures for August delivery rose 0.05% to $4,367.30.

President Donald Trump He said on Monday that both Israel and Iran want an “immediate ceasefire” and that final negotiations on “peace” are underway.

Peter Grant, Vice President and Senior Strategist for Precious Metals at Zaner Metals. He said, “We recovered from the lows that occurred in international markets simply because of news that a new ceasefire agreement might be reached between Iran and Israel, which slightly eased the negative pressure.”

While gold is typically viewed as a safe-haven asset during conflicts, a peace agreement would mitigate the risk of energy price inflation and reduce pressure on central banks to maintain high interest rates, which generally negatively impact gold as it does not yield interest returns.

However, the rise in gold prices was limited after the dollar moved near its highest level in nearly two months, following stronger-than-expected US employment reports last week and increased expectations that the Federal Reserve might raise interest rates later this year.

A stronger dollar makes commodities priced in dollars more expensive for holders of other currencies.

Investors are now projecting a 43% probability that the Fed will raise interest rates by 0.25% in December, up from approximately 14% a month ago, according to data from CME Group's FedWatch tool.

Investors are awaiting the release of the U.S. Consumer Price Index (CPI) for May on Wednesday and the Producer Price Index (PPI) on Thursday for further signals about the Federal Reserve's interest rate direction.

Han Tan, Chief Market Analyst at Bybit. "Gold could test the psychologically significant support level of $4,000 if the market receives stronger-than-expected CPI data this week, or if the FOMC takes a clearly more dovish stance at next week's meeting."

In other precious metals, spot silver rose 1% to $68.52 per ounce, while platinum fell 1.3% to $1,752.87 and palladium declined 1.3% to $1,209.29 per ounce.

refer : cnbc.com, gold trade association

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