Gold Prices Surge 1,500 Baht on Aug 6, 2026

Post Today•Economy•6d ago

Reader Briefing

Gold prices increased by 1,500 Baht on August 6, 2026, driven by a decline in the US dollar, US bond yields, and crude oil prices.

•Gold prices rose by a total of 1,500 Baht on August 6, 2026, compared to the previous day.
•YLG Bullion and Futures Co., Ltd. attributes the price momentum to falling US dollar, US bond yields, and crude oil prices.
•Progress in negotiations with Oman regarding Iranian control of shipping routes in the Strait of Hormuz contributed to the price movement.
•FedWatch Tools predicts a 54.9% chance of an interest rate hike in September.

•On August 6, 2026, the Gold Traders Association announced gold price adjustments 34 times, closing the market at 17:11.
•Gold prices on August 6, 2026, increased by 1,500 Baht relative to the prices on August 5, 2026.
•YLG Bullion and Futures Co., Ltd. states the price surge is linked to a decrease in the US dollar, US bond yields, and crude oil prices.
•Price movements are influenced by hopes that the situation in the Strait of Hormuz may ease following progress in negotiations with Oman allowing Iran to control incoming shipping.
•FedWatch Tools estimates the probability of a September interest rate hike at 54.9%.
•YLG Bullion and Futures Co., Ltd. warns that gold prices have entered an overbought state in the 1-hour and 4-hour timeframes, suggesting potential selling pressure.
•Investors are advised to monitor US weekly initial jobless claims data for short-term gold price direction.

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Gold Traders Association(สมาคมค้าทองคำ)

The organization that announced gold price updates and market closing times on August 6, 2026.

YLG Bullion and Futures Co., Ltd.(บริษัท วายแอลจี บูลเลี่ยน แอนด์ ฟิวเจอร์ส จำกัด)

The company providing technical analysis on gold price momentum and market warnings.

FedWatch Tools

The tool used to predict the probability of US interest rate hikes.

Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️

A location where shipping route control negotiations are occurring.

Oman(โอมาน)ℹ️

The country involved in negotiations regarding shipping control in the Strait of Hormuz.

Iran(อิหร่าน)ℹ️

The country seeking to control incoming shipping routes in the Strait of Hormuz.

United States(สหรัฐ)ℹ️

The country that previously insisted Iran should not control the shipping routes.