Thursday, July 29, 2021

business

Gold market awaits US non-farm payroll for June


The price of gold in Thailand rose by THB50 per baht weight in morning trade on Tuesday.

The Gold Traders Association report at 9.26am showed buying price of a gold bar at THB26,850 per baht weight and selling price of THB26,950, while gold ornaments were priced at THB26,363.24 and THB27,450, respectively.

At close on Monday, the buying price of a gold bar was THB26,800 per baht weight and selling price THB26,900, while gold ornaments were priced at THB26,317.76 and THB27,400, respectively.

Spot gold price on Tuesday was US$1,775 (THB56,870) per ounce after Comex gold on Monday rose by $2.9 to $1,780.8 per ounce.

The gold market is keeping an eye on the US non-farm payroll in June in a bid to predict the Federal Reserve's monetary policy.

 

Hong Kong gold price, meanwhile, dropped by HK$60 to $16,450 (THB67,899) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : June 29, 2021

By : The Nation