Gold opened 100 baht higher at 64,900 baht, with attention focused on the US-Iran conflict and signals from the Fed regarding interest rate hikes.

Gold price today (21 July) opened at a price increase of 100 baht/baht of gold from yesterday's closing price. Gold jewelry selling price at 64,900.00 baht/baht of gold.

On July 21, 2026, as announced by the Gold Traders Association, the price of gold (96.5% purity) for today opened at 9:01 AM. For the domestic gold trading market, today's gold price increased by 100 baht/baht of gold from yesterday's closing price.

By gold jewelry sold at a price of 64,900.00 baht/ baht of gold. The purchase price is 62,625.96 baht/gold baht.

For gold bars, they sold at 64,100.00 baht/baht of gold and bought at 63,900.00 baht/baht of gold. The gold spot was at 4,024.00 dollars per ounce.

Mr. Poon Panichphibun, money market strategist, Krungthai GLOBAL MARKETS, Krung Thai Bank It has been revealed that, regarding gold prices, the uncertainty in the Middle East, which affects market participants' views on the monetary policy outlook of major central banks, continues to pressure gold prices (COMEX gold futures for August 2026 delivery), causing them to retrace somewhat and fluctuate around the support zone of $4,000 per ounce. However, the decline in gold prices has slowed somewhat due to some "buy on dip" buying by some market participants.

Gold prices remained stable as investors monitored US-Iran risks and watched for signals of a Federal Reserve interest rate hike. #StockMarket #InternationalStocks #StocksToday

Gold prices remained stable as investors assessed the risks from the US-Iran conflict and signals from the Federal Reserve, following rising oil prices and Fed officials signaling a possible interest rate hike to curb inflation.

CNBC reported that spot gold prices fell 0.2% to $4,006.74 per ounce, while August gold futures fell 0.1% to $4,015.90.

“Gold continues to have an inverse correlation with oil prices, as market participants closely monitor developments in the Middle East,” said Giovanni Staunovo, an analyst at UBS.

US forces have been attacking Iran for the ninth consecutive day as concerns rise about shipping through the Strait of Hormuz after Iran reported that two oil tankers exploded and were rendered immobile.

Oil prices pared back their gains after initially hitting their highest levels in over a month early in trading, following a statement from an Iranian foreign ministry spokesman saying that negotiations with the United States could continue based on national interests.

High oil prices have fueled inflation concerns and increased bets that interest rates will remain high for an extended period. While gold is generally seen as a hedge against inflation, high interest rates tend to reduce the attractiveness of non-income-bearing assets like gold.

Cleveland Fed President Beth Hammack has added her voice to a growing group of officials arguing that interest rates may need to be raised to curb persistent inflation, leading to intense debate at the next Fed meeting and the possibility of a second challenge to Fed Chairman Kevin Warsh's leadership.

Traders are now estimating an 80% chance that the Fed will raise interest rates in December, up from 73% last week, according to CME's FedWatch tool.

“We expect a weaker dollar to support gold prices over the next 6-12 months, with the yellow metal projected to rise again above $5,000 per ounce,” Staunovo said.

Investment advice on gold this morning from YLG.

• Yesterday, prices rebounded but failed to break through the resistance level of $4,043, leading to selling pressure that caused gold to fall again. For today, the first support level is adjusted to $3,996-3,960. If it holds above this level, there is a chance for a rebound to test the resistance level of $4,043-4,019. However, if it falls below $3,996-3,960, it will be assessed that the short-term rebound is over, and prices will continue to fall, with a key price support area remaining around $3,942.
• Investment strategy: Buy back yesterday's short position if the price does not fall below $3,996-3,960, and move the trailing stop to $4,019 to lock in profits.
• Wait for a bounce and then open a sell position again if the price fails to break through $4,043-4,080 (set a stop-loss if the price breaks through $4,080).

refer : cnbc.com, gold trade association

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