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Worries over US election and weakening dollar boost gold price
EconNov 09. 2020
By The Nation
The price of gold rose by Bt50 per baht weight in morning trade on Monday, the Gold Traders Association reported.
As of 9.25am, the buying price of a gold bar was Bt28,200 per baht weight and selling price Bt28,300 while gold ornaments were priced at Bt27,697.32 and Bt28,800, respectively.
At close on Saturday, the buying price of a gold bar was Bt28,150 per baht weight and selling price Bt28,250, while gold ornaments were Bt27,636.68 and Bt28,750, respectively.
Spot gold price moved to US$1,955 (Bt59,689) per ounce in the morning after the price rose by US$4.9 to $1,951.7 per ounce at close on Friday due to the weakening dollar and uncertainty over the US presidential election.
Hong Kong gold price rose by HK$50 to $18,060 (Bt71,115) per tael on Monday morning, the Chinese Gold and Silver Exchange Society reported.
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