Gold falls as investors watch Fed meeting
The price of gold dropped by Bt100 per baht weight in morning trade today (September 16), the Gold Traders Association reported.
As of 9.30am, the buying price of a gold bar was Bt28,800 per baht weight and selling price Bt28,900, while gold ornaments cost Bt28,288.56 and Bt29,400, respectively.
At close yesterday, the buying price of a gold bar was Bt28,900 per baht weight and selling price Bt29,000, while gold ornaments cost Bt28,379.52 and Bt29,500, respectively.
The spot gold price moved to US$1,958 (Bt61,055) per ounce this morning after the price rose by $2.50 to $1,966.20 per ounce at yesterday’s close.
Investors are keenly following the US Federal Reserve meeting, expecting the central bank to continue easing its monetary policy.
