Domestic gold prices opened the morning of July 20, falling 200 baht per baht-weight from Saturday's close. The Gold Traders Association reported that gold ornaments were sold at 64,650 baht per baht-weight and bought at 62,383.40 baht, while gold bars were sold at 63,850 baht and bought at 63,650 baht. Meanwhile, global gold prices fell sharply this week, with spot prices moving around 4,008 dollars per ounce, pressured by Middle East conflicts that boosted oil prices and heightened inflation concerns. This led the market to expect a 73% chance that the US Federal Reserve may raise interest rates in December, according to CME FedWatch data.