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Gold price flat despite rise in global markets (nationthailand.com)

Gold price flat despite rise in global markets

EconDec 17. 2020

By The Nation

The price of gold was unchanged in morning trade on Thursday after advancing by Bt200 per baht weight at close on Wednesday, the Gold Traders Association reported.

As of 9.26am, the buying price of a gold bar was Bt26,350 per baht weight and selling price Bt26,450 while gold ornaments cost Bt25,878.12 and Bt26,950, respectively.

The spot gold price moved to US$1,863 (Bt55,617) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in February next year rose by $3.80 to $1,859.10 per ounce on Wednesday, thanks to the progress in discussions on a fresh US economic stimulus package and the decline in US economic data, which boosted sales of the safe-haven asset.

The Hong Kong gold price meanwhile rose by HK$100 to $17,240 (Bt66,395) per tael, the Chinese Gold and Silver Exchange Society reported.