Gold steady as market awaits US Fed meeting outcome
The price of gold in Thailand on Tuesday morning was unchanged from Mondays close due to rising US bond yield. Meanwhile, investors delayed investment to follow the US Federal Reserve meeting on June 15-16.
The Gold Traders Association report at 9.29am showed the buying price of a gold bar at THB27,350 per baht weight and selling price at THB27,450, while gold ornaments were priced at THB26,863.52 and THB27,950, respectively.
The price had dropped by THB100 per baht weight compared to the opening trade on Monday.
Spot gold price on Tuesday fell further to US$1,862 (THB57,960) per ounce compared to Monday when it dropped by $13.7 to $1,865.9 per ounce, the lowest in a month.
Hong Kong gold price on Tuesday dropped by HK$240 to $17,280 (THB69,298) per tael, the Chinese Gold and Silver Exchange Society reported.
