Gold gets slight boost as market watches fate of US stimulus package
The price of gold rose by Bt50 per baht weight in morning trade on Tuesday, the Gold Traders Association reported.
As of 9.28am, the buying price of a gold bar was Bt26,250 per baht weight and selling price Bt26,350 while gold ornaments were priced at Bt25,772 and Bt26,850, respectively.
At close on Monday, the buying price of a gold bar was Bt26,200 per baht weight and selling price Bt26,300 while gold ornaments were Bt25,726.52 and Bt26,800, respectively.
Spot gold price moved to US$1,858 (Bt55,667) per ounce in the morning, while the Comex (Commodity Exchange) gold to be delivered in February dropped by $1 to $1,855.2 per ounce on Monday due to the strengthening dollar.
Meanwhile, the market is keeping an eye on US economic stimulus measures in which President Joe Biden would have to lower the stimulus limits to be approved by Congress.
The Hong Kong gold price rose by HK$20 to $17,140 (Bt66,252) per tael, the Chinese Gold and Silver Exchange Society reported.
