Gold sentiment improves as dollar weakens, ECB freezes fiscal policies
The price of gold was unchanged in morning trade on Friday, the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt28,750 per baht weight and selling price Bt28,850, while gold ornaments were priced at Bt28,227.92 and Bt29,350, respectively.
The price of gold rose by Bt200 per baht weight at close on Thursday. The association announced changes in the precious metal's price seven times.
Hong Kong gold price rose by HK$40, opening at $18,010 (Bt72,716.94) per tael on Friday morning, the Chinese Gold and Silver Exchange Society reported.
Spot gold price moved to US$1,946 (Bt60,888.41) per ounce on Friday morning after the price rose by $9.4 to $1,964.3 per ounce at close on Thursday.
Gold gained positive sentiment from the weakening dollar and the European Central Bank's resolution to maintain the interest rate and bond purchase limit during the meeting yesterday.
