Gold price falls as Fed chief’s remarks prompt sell-offs of precious metal #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Gold price falls as Fed chief’s remarks prompt sell-offs of precious metal

EconAug 28. 2020

By The Nation

The price of gold dropped by Bt50 per baht weight in morning trade on Friday (August 28), the Gold Traders Association reported.

As of 9.24am, the buying price of a gold bar was Bt28,550 per baht weight and selling price Bt28,650, while gold ornaments cost Bt28,030.84 and Bt29,150, respectively.

At close on Thursday, the buying price of a gold bar was Bt28,600 per baht weight and selling price Bt28,700 while gold ornaments cost Bt28,081.48 and Bt29,200, respectively.

The Chinese Gold and Silver Exchange Society said that Hong Kong gold price dropped by HK$150, opening at $17,830 (Bt71,865.93) per tael on Friday morning.

The Comex (Commodity Exchange) gold price to be delivered in December dropped by US$19.9, or 1.02 per cent, closing at $1,932.6 (Bt60,360.27) per ounce yesterday.

Gold price closed in negative territory from mass sell-offs of the metal after US Federal Reserve chairman Jerome Powell announced on Thursday changes to its approach on inflation. His remarks were in keeping with market expectation.

Leave a comment