Stronger dollar, ECB move to maintain key rate pull gold down #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Stronger dollar, ECB move to maintain key rate pull gold down

Econ

Jul 17. 2020

By The Nation

The price of gold dropped by Bt50 per baht weight in morning trade on Friday (July 17), the Gold Traders Association reported.

As of 9.28am, the buying price of a gold bar was Bt26,900 per baht weight and selling price Bt27,000, while gold ornaments cost Bt26,408.72 and Bt27,500, respectively.

At close on Thursday (July 16), the buying price of a gold bar was Bt26,950 per baht weight and selling price Bt27,050, while gold ornaments cost Bt26,469.36 and Bt27,550, respectively.

Comex gold to be delivered in August dropped by US$13.5, or 0.74 per cent, to US$1,800.3 (Bt56,998) per ounce at Thursday’s close.

The gold price dropped after the European Central Bank decided to maintain the interest rate and credit for buying bonds in the meeting yesterday. Also, the strengthening dollar pressured the gold price as well.

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