Gold advances as US bond yield skids
The price of gold rose by THB50 per baht weight in morning trade on Thursday after the US bond yield hit its lowest point since February.
A Gold Traders Association report at 9.24am showed the buying price of a gold bar at THB27,500 per baht weight and selling price at THB27,600, while gold ornaments cost THB26,999.96 and THB28,100, respectively.
At close on Wednesday, the buying price of a gold bar was THB27,450 per baht weight and selling price THB27,550, while gold ornaments cost THB26,954.48 and THB28,050, respectively.
The spot gold price on Thursday was US$1,800 (THB58,364) per ounce after Comex gold on Wednesday rose by $7.90 to $1,802.10 per ounce.
The Hong Kong gold price meanwhile dropped by HK$10 to $16,720 (THB69,790) per tael, the Chinese Gold and Silver Exchange Society reported.
