Gold price up by Bt150

The buying price of a bar of gold was Bt23,250 per baht weight, while the selling price was Bt23,350. Gold ornaments were priced at Bt22,830.96 to buy and Bt23,850 to sell. 
The prices rose from Saturday’s close, when a gold bar cost Bt23,100 to buy and Bt23,200 to sell, while gold ornaments cost Bt22,679.36 and Bt23,700, respectively.
Comex futures gold contracts to be delivered in April rose by US$44.60, or 2.94 per cent, to $1,561.30 (Bt49,560.50) per ounce this morning after the US Federal Reserve announced a cut in interest rates in the short term by 1 per cent to 0.00-0.25 per cent from the previous of 1.00-1.25 per cent in an emergency meeting on Sunday to relieve the impact of the Covid-19 coronavirus on the US economy.
The Fed is expected to maintain this target range until it is confident the economy has weathered recent events to achieve the goal of maximising employment and maintaining price stability.
Also, the Fed restarted a crisis-era programme of bond purchases, known as “quantitative easing”, within a limit of US$700 billion (Bt22.22 trillion).