Spot gold is around $4,390-4,400 an ounce and Thai gold bars hit 69,150 baht per baht-weight after a 100-baht rise. Analysts see inflation from higher oil prices (Strait of Hormuz tensions) possibly delaying Fed rate cuts, and support near $4,280-4,300. One analyst suggests Thai holders consider partial profit-taking around 69,000 baht, with the next target at 70,200. For a business, gold prices matter mainly if you hold gold as savings or buy it for jewellery stock; fuel and energy costs are the bigger signal from the same news.