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Gold rises as US bond yield falls and dollar weakens
EconApr 02. 2021
By The Nation
The price of gold rose by Bt100 per baht weight in morning trade on Friday, the Gold Traders Association reported.
As of 9.25am, the buying price of a gold bar was Bt25,450 per baht weight and selling price Bt25,550, while gold ornaments were priced at Bt24,998.84 and Bt26,050, respectively.
At close on Thursday, the buying price of a gold bar was Bt25,350 per baht weight and selling price Bt25,450, while gold ornaments were Bt24,892.72 and Bt25,950, respectively.
Spot gold price rose to US$1,730 (Bt52,784) per ounce on Friday after rising by $12.8 to $1,728.4 on Thursday, thanks to falling US bond yield and the weakening dollar.