Gold surges as tensions between US and Russia rise
The price of gold surged by Bt250 per baht weight in morning trade on Friday, the Gold Traders Association reported.
As of 9.25am, the buying price of a gold bar was Bt25,950 per baht weight and selling price Bt26,050, while gold ornaments were priced at Bt25,483.96 and Bt26,550, respectively.
At close on Thursday, the buying price of a gold bar was Bt25,700 per baht weight and selling price Bt25,800, while gold ornaments were Bt25,241.40 and Bt26,300, respectively.
Spot gold price on Thursday rose by $30.5 to $1,766.8 (Bt55,282) per ounce after US bond yield fell to the lowest in four weeks, as well as mass buy-ups of safe-haven assets in response to tensions between US and Russia.
Hong Kong gold price on Friday rose by HK$160 to $16,330 (Bt65,774) per tael, the Chinese Gold and Silver Exchange Society reported.
