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.
Published: May 06, 2021
The price of gold in Thailand rose by THB150 per baht weight in morning trade on Thursday, thanks to US Treasury Secretary Janet Yellen’s clarification on Wednesday that there was no need for the Federal Reserve to raise the interest rate.
Published: May 05, 2021
The price of gold in Thailand dropped by THB50 per baht weight in morning trade on Wednesday due to the strengthening dollar after US Treasury Secretary Janet Yellen remarked that “it may be that interest rates will have to rise somewhat to make sure our economy doesn’t overheat”.
Published: May 01, 2021
The followers of highly revered Buddhist monk, Phra Thamma Wisutthimongkhol, also known as Luangta Maha Bua, on Friday donated 10 kilograms of gold to the Bank of Thailand (BOT) to boost the central banks gold reserves.