Gold price flat amid weakening dollar, hopes of US economic stimulus package
The price of gold was unchanged in morning trade on Thursday after rising by Bt450 per baht weight at close on Wednesday, the Gold Traders Association reported.
As of 9.25am, the buying price of a gold bar was Bt26,050 per baht weight and selling price Bt26,150, while gold ornaments cost Bt25,574.92 and Bt26,650, respectively.
The spot gold price moved to US$1,828 (Bt55,213) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in February rose by $11.30 to $1,830.20 per ounce on Wednesday on hopes of an upcoming US economic stimulus package and the weakening dollar.
The Hong Kong gold price meanwhile rose by HK$50 to $16,910 (Bt65,885) per tael, the Chinese Gold and Silver Exchange Society reported.
