Weakening dollar, US bond yield boost gold price
The price of gold rose by Bt100 per baht weight in morning trade on Tuesday (September 15), the Gold Traders Association reported.
As of 9.24am, the buying price of a gold bar was Bt28,850 per baht weight and selling price Bt28,950 while gold ornaments were priced at Bt28,334.04 and Bt29,450, respectively.
At close on Monday (September 14), 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.
Hong Kong gold price rose by HK$110, opening at $18,080 (Bt72,868.90) per tael on Tuesday morning, the Chinese Gold and Silver Exchange Society reported.
The Comex (Commodity Exchange) gold price to be delivered in December rose by US$15.8, or 0.81 per cent, closing at $1,963.7 (Bt61,350.77) per ounce on Monday.
Gold moved to positive territory on Monday from the decline in the dollar and US bond yield, while investors were waiting for Federal Open market Committee meeting on September 15-16.
