On April 9, 2025, gold prices in Thailand experienced notable fluctuations, reflecting ongoing global economic concerns and investor behavior. The latest update from the Gold Traders Association indicated that the price of gold bars rose by 50 baht, bringing the selling price to 49,600 baht, while gold ornaments reached a selling price of 50,400 baht.
At 9:18 AM, the first price announcement revealed that the buying price for gold bars was set at 49,500 baht, with the selling price at 49,600 baht. The price for gold ornaments was established at a buying price of 48,602.96 baht and a selling price of 50,400 baht. However, throughout the day, prices fluctuated significantly, with the Gold Traders Association announcing 15 adjustments.
As the day progressed, by 2:17 PM, gold prices surged by 350 baht compared to the previous day, with gold ornaments selling for 50,700 baht. The buying price for gold bars had adjusted to 49,800 baht, and the selling price was 49,900 baht. This increase was attributed to various factors, including global economic conditions and the impact of new import tariffs.
On April 8, 2025, gold prices had decreased by 550 baht, indicating a volatile market environment. The decline was largely influenced by investor reactions to U.S. President Donald Trump's announcement of new tariffs on Chinese imports, which raised fears of a global economic downturn.
Goldman Sachs has projected a 45% chance of a recession in the U.S. within the next year, while JPMorgan Chase estimates a 60% likelihood that both the U.S. and global economies could enter a recession due to escalating trade tensions. This backdrop has led to increased demand for gold as a safe-haven asset, with investors shifting away from riskier assets.
Investors are advised to consider buying gold when prices dip to the range of 2,920 to 2,950 dollars per ounce, as this is seen as a strategic entry point. The SPDR fund has already sold 6.02 tons of gold, reflecting the ongoing market adjustments.
As the day continued, gold prices fluctuated further, with the price of gold ornaments reaching 50,650 baht by the afternoon. The global gold price was reported at 3,042.50 dollars per ounce, showing a steady increase as investors sought refuge in gold amidst the turbulent economic landscape.
In addition to the fluctuations in gold prices, the market is also reacting to the broader implications of the tariff announcements. The tariffs, which affect 86 countries, have raised concerns about potential retaliatory measures and their impact on global trade. China, in particular, faces a staggering 104% tariff, which has heightened tensions and uncertainty in the market.
As the market closes, the final price for gold bars was recorded at 49,850 baht for selling and 49,750 baht for buying. For gold ornaments, the prices were 50,700 baht for selling and 48,906.16 baht for buying. These figures highlight the ongoing volatility and the importance of monitoring market conditions closely.
Despite the recent increases, analysts caution that gold prices may still face headwinds in the short term due to rising U.S. Treasury yields, which can influence the attractiveness of gold as an investment. However, many believe that gold remains on a path toward achieving new highs, driven by ongoing economic uncertainty and inflationary pressures.
In conclusion, the gold market on April 9, 2025, reflects a complex interplay of global economic factors and investor sentiment. As prices continue to fluctuate, both short-term and long-term investors are advised to stay informed and consider their strategies carefully in light of the evolving economic landscape.
