THURSDAY, March 28, 2024
nationthailand

Gold retains positive sentiment as world wrestles with Covid-19

Gold retains positive sentiment as world wrestles with Covid-19

The price of gold continued to rise in most markets as countries push economic stimulus measures amid uncertainty over the effectiveness of a vaccine in tackling Covid-19.

The price of gold dropped by Bt50 per baht weight in morning trade on Thursday (May 21), the Gold Traders Association reported.
As of 9.25am, buying price of a gold bar was Bt26,100 per baht weight and selling price Bt26,300, while gold ornaments were priced at Bt25,635.56 and Bt26,800, respectively.
At close on Wednesday (May 20), buying price of a gold bar was Bt26,150 per baht weight and selling price Bt26,350, while gold ornaments were priced at Bt25,681.04 and Bt26,850, respectively.
The Gold Spot Index price on Thursday morning moved to around US$1,744 (Bt55,538) per ounce after the price rose by $6.5 to $1,752.1 per ounce at close on Wednesday.
The price of gold gained positive sentiment from several countries’ economic stimulus measures, while investors were buying gold as a safe haven asset due to uncertainty about the efficiency of a vaccine to tackle Covid-19.
Meanwhile, the price in the Hong Kong gold market dropped by HK$35 to $16,135 (Bt66,298) per tael.

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