Published: May 13, 2021
The price of gold dropped by THB50 per baht weight in morning trade on Thursday due to uncertainty over higher US inflation, which could trigger the Federal Reserve to hike the interest rate. Meanwhile, the strengthening dollar and rising US bond yield also pressured the gold price.
Published: May 12, 2021
The price of gold in Thailand was unchanged from Tuesday’s close in morning trade on Wednesday due to a rise in the US bond yield. The market is keeping an eye on US inflation in the hope of predicting the Federal Reserve’s move on monetary policy.