Gold prices today, August 18th, opened 200 baht higher, with gold ornaments reaching 69,700 baht. Watch for resistance at $4,449.

Gold price today (18 Aug.) opened with a price increase of 200 baht/baht of gold from yesterday's closing price. Gold jewelry selling price is 69,700.00 baht/baht of gold.

As of August 18, 2026, according to the announcement by the Gold Traders Association, the price of gold (96.5% purity) for today opened at 9:00 AM. For the domestic gold trading market, today's gold price increased by 200 baht/baht of gold from yesterday's closing price.

By gold jewelry sold at a price of 69,700.00 baht/ baht of gold. The purchase price is 67,325.56 baht/gold baht.

For gold bars, they sold at 68,900.00 baht/baht of gold and bought at 68,700.00 baht/baht of gold. The gold spot was at 4,403.00 dollars per ounce.

Mr. Poon Panichphibun, money market strategist, Krungthai GLOBAL MARKETS, Krung Thai Bank It was revealed that, regarding gold prices, although gold prices (COMEX gold futures contract for December 2026 delivery) faced pressure from rising both the US dollar and the 10-year US Treasury yield.

However, risk aversion in financial markets, concerns about the US fiscal position, and buying pressure to adjust positioning by market participants supported gold prices, pushing them up to the $4,475 per ounce zone.

Gold prices surged on a weaker dollar and lowered market expectations of a Fed interest rate hike, amid heightened tensions in the Middle East.

Gold prices rose on Monday after the dollar weakened and markets lowered expectations of a Federal Reserve interest rate hike, while investors closely watched tensions in the Middle East.

CNBC reported that gold prices rose on Monday, boosted by a weaker dollar and reduced expectations that the Federal Reserve (Fed) would raise interest rates, while investors continued to monitor geopolitical tensions in the Middle East.

Spot gold prices rose 0.9% to $4,413.93 per ounce, while U.S. gold futures for December delivery climbed 0.8% to close at $4,473.70.

Bart Melek, head of global commodity strategy at TD Securities, said the gold market appears to be reflecting an inflationary environment coupled with an economic slowdown, weaker employment, and expectations that the Fed will acknowledge current inflation levels.

"One key factor is the weakening of the US dollar to around 100, a psychologically significant level."

The US dollar fell to its lowest level in over two months, making gold cheaper for buyers holding other currencies.

Markets have lowered their expectations of a Federal Reserve interest rate hike after last week's U.S. nonfarm payroll report came in weaker than expected and consumer inflation data remained low.

Investors are currently awaiting the release of the Federal Reserve's July meeting minutes, scheduled for Wednesday, for signals about the direction of the U.S. central bank's policy.

CME's FedWatch tool shows that investors see a 33% chance of the Fed raising interest rates in September, down from 51.2% a month ago.

Gold, being a non-interest-bearing asset, often benefits from declining interest rates because it reduces the opportunity cost of holding gold bullion.

On a geopolitical front, a senior Iranian official told Reuters that Tehran would escalate tensions in the Strait of Hormuz and throughout the region if diplomatic efforts with the United States fail, signaling a more aggressive approach.

Investment advice on gold this morning from YLG.

• For today, if the price holds above $4,399, it will maintain short-term momentum. However, if it fails to break through $4,449, be wary of profit-taking. If the price falls below $4,399, watch for a potential correction, with support levels at $4,367 and $4,311-4,203 respectively.
• Investment strategy: Take profit if the price fails to break through $4,449-4,484, and move the trailing stop to $4,367 to lock in profits.
• Open a buy position if the price does not fall below $4,367. However, if it falls below $4,367, delay entering a buy position around $4,311-4,203 (set a stop-loss if the price falls below $4,203).

refer : cnbc.com, gold trade association

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