Delay in rollout of US economic package could pressure gold price
The price of gold was unchanged in morning trade on Friday, the Gold Traders Association reported.
As of 9.17am, the buying price of a gold bar was Bt26,650 per baht weight and selling price Bt26,750, while gold ornaments cost Bt26,166.16 and Bt27,250, respectively.
Spot gold price moved to US$1,879 (Bt56,541) per ounce in the morning, while Comex (Commodity Exchange) gold price to be delivered in February next year rose by $5.1 to $1,883.2 per ounce on Thursday.
However, gold is expected to move in a narrow range on Friday as many important gold markets worldwide were closed for Christmas Day.
Meanwhile, gold price was pressured by uncertainty over a delay in the rollout of US economic stimulus package after President Donald Trump said he would not sign the measures.
