Gold Prices Wobble Amidst Geopolitical Uncertainty
Morning Announcement’s Impact
The gold market experienced fluctuations on June 21, 2025. Following the morning announcement by the Gold Trade Association, the price rose initially, only to decrease later in the day. This volatility reflects broader economic concerns.
Initially, the price of gold increased by 150 baht, reaching 52,250 baht. However, by the end of the day, the total price had decreased by 200 baht compared to the previous day. The selling price per baht was 53,050, while the buying price was 52,150.
US Market Reactions
In the US, the price of gold, as reflected by Camex, fell by $22.40, settling at $3,385.70. This drop was attributed to increased selling pressure. This pressure arose after the US President, Donald Trump, announced a delay in the potential Iranian attack.
Geopolitical Tensions
The ongoing conflict between Israel and Iran continues to be a significant factor. The air battle has now lasted eight days, and Israeli military commanders predict a prolonged war.
Despite these fluctuations, gold’s value continues to be a subject of interest. According to the World Gold Council, global gold demand in 2024 reached 4,486 tonnes (World Gold Council).
Market Overview
Today’s gold price remained unchanged from this morning’s market price. The market is currently reflecting these geopolitical uncertainties.
The future trajectory of gold prices remains uncertain, and is closely tied to developments in the Middle East. Investors should monitor these factors closely.
