World gold fell slightly to about $4,240.75 an ounce after hitting a new high near $4,300. Traders are watching tonight's US Nonfarm payrolls report and the Strait of Hormuz situation, which Iran is considering restricting for US, Israeli and hostile-country ships. Oil prices are up, the dollar is firmer and US bond yields rose, which pressures gold. For a Thai shop or jewellery business, this is a short-term price swing to watch, not a reason to change stock or pricing plans today. Gold prices in Thailand move with world prices, so check your daily gold rate before buying or selling stock.