Gold edges upwards as investors await US economic stimulus
The price of gold rose by Bt100 per baht weight in morning trade on Friday, the Gold Traders Association reported.
As of 9.27am, the buying price of a gold bar was Bt26,200 per baht weight and selling price Bt26,300, while gold ornaments were priced at Bt25,726.52 and Bt26,800, respectively.
At close on Thursday, the buying price of a gold bar was Bt26,100 per baht weight and selling price Bt26,200, while gold ornaments were Bt25,635.56 and Bt26,700, respectively.
Comex (Commodity Exchange) gold to be delivered in February dropped by US$3.5, or 0.19 per cent, closing at $1,851.4 (Bt55,489) per ounce on Thursday due to rising US bond yield, while investors delayed investment to monitor US economic stimulus measures.
