Gold recovers above $4,050! Today's gold price jumped 750 baht, closing at 65,550 baht.

Gold prices today, July 21, 69, closed higher in the domestic market by 650 baht per baht of gold from the opening price this morning. The total increase for the day is 750 baht per baht of gold compared to yesterday's closing price. The selling price of gold ornaments is 65,550.00 baht per baht of gold.

On July 21, 2569 according to the announcement of gold trade association The price of gold (96.5% purity) today opened at 9:01 AM and underwent 20 price adjustments throughout the day, with the latest price as of 4:20 PM.

The selling price of gold jewelry is 65,550.00 baht per baht of gold. The purchase price is 63,262.68 baht/baht of gold.

For gold bars, the selling price is 64,750.00 baht per baht weight and the buying price is 64,550.00 baht per baht weight. Meanwhile, the Gold Spot price is at 4,068.00 dollars per ounce.

This YLG's Evening Gold Analysis Reports indicate that gold prices rose above $4,050 per ounce today, recovering from a previous correction, after investors assessed the possibility of resuming peace negotiations between the United States and Iran. This helped to slow the rise in oil prices and reduce concerns about accelerating inflationary pressures, leading to a relaxation of market concerns about a short-term interest rate hike by the Federal Reserve (FED).

However, the situation in the Middle East remains fragile after President Donald Trump warned that Iran would be held responsible for the deaths of three U.S. soldiers, while the Houthi rebels announced a blockade of Saudi Arabian ships in the Red Sea, which continues to pose a risk to global energy supplies.

Analysts from Saxo Bank stated that gold prices remain stable despite high dollar and US bond yields, as investors continue to weigh inflation risks against hopes for peace negotiations. Investors should monitor the release of US private sector employment figures from ADP, which could influence expectations regarding the Federal Reserve's monetary policy direction and be a key factor influencing gold prices in the coming period.

YLG's evening gold investment advice revealed that...

• For an investment strategy, open a short-term buy position if the price retraces but does not fall below $4,040 per ounce.
• If the price falls below $4,040 per ounce, delay buying and consider buying only if it does not drop below $4,022-$4,000 per ounce.
• Cut losses if the price falls below $4,000 per ounce to reassess the direction.
• Sell ​​to take profits if the price fails to break through $4084-4103 per ounce.

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