Gold gets a boost from buy-ups as US bond yield slides
The price of gold rose by THB100 per baht weight in morning trade on Friday, thanks to mass buy-ups of safe-haven assets amid the decline in US bond yield and uncertainty over rising US inflation.
The Gold Traders Association report at 9.26am showed the buying price of a gold bar at THB26,950 per baht weight and selling price at THB27,050, while gold ornaments were priced at THB26,469.36 and THB27,550, respectively.
At close on Thursday, the buying price of a gold bar was THB26,850 per baht weight and selling price THB26,950, while gold ornaments were priced at THB26,363.24 and THB27,450, respectively.
Spot gold price on Friday was US$1,824 (THB57,165) per ounce compared to Thursday when it rose by $1.2 to $1,824 per ounce.
Hong Kong gold price on Friday rose by HK$100 to $16,920 (THB68,268) per tael, the Chinese Gold and Silver Exchange Society reported.
