Gold Prices Dip as US Government Reopens, Fed Rate cut Expectations Cool
BANGKOK, November 14, 2025 – Gold prices opened lower today, with domestic prices falling 600 baht per baht-weight from yesterday’s close. Gold jewelry is currently selling for 64,950.00 baht per baht-weight, according to teh Gold Traders Association.
The domestic market saw a decrease of 600 baht/baht-weight upon opening at 9:00 a.m. today. Gold ornaments are being sold at 64,950.00 baht/baht-weight and purchased at 62,762.40 baht/baht-weight. Gold bars are selling for 64,150.00 baht/baht-weight and being bought for 64,050.00 baht/baht-weight. The spot price currently stands at $4,191.00 per ounce.
Globally, gold prices experienced a sharp decline, retreating from a three-week high earlier in the day. This followed investor selling of both risk assets and safe-haven assets after the resolution of the US government shutdown. Spot gold closed at $4,151.86 per ounce, down 1.1%, while the December Comex gold contract closed at $4,194.50 per ounce, down 0.5%.
Krungthai GLOBAL MARKETS strategist Poon Panichphibun of Krung Thai Bank noted that the end of the US government shutdown, coupled with reduced expectations for Federal Reserve interest rate cuts, is bolstering the dollar and the 10-year bond yield, putting downward pressure on gold prices. The COMEX gold contract for December 2025 delivery dropped to around $4,160 per ounce before showing signs of potential rebound as market risk appetite shifts,approaching the $4,200 per ounce level again.
