Jump to content

Gold price rises amid worries over Covid-19 impact on economy


Recommended Posts

Gold price rises amid worries over Covid-19 impact on economy

By The Nation

 

800_6847676dd7d6710.jpg

 

The price of gold rose by Bt100 per baht weight in morning trade on Saturday, the Gold Traders Association reported.

 

As of 9.23am, the buying price of a gold bar was Bt27,650 per baht weight and selling price Bt27,750, while gold ornaments were priced at Bt27,151.56 and Bt28,250, respectively.

 

 

At close on Friday, the buying price of a gold bar was Bt27,550 per baht weight and selling price Bt27,650, while gold ornaments were Bt27,060.60 and Bt28,150, respectively.

 

The Comex (Commodity Exchange) gold price to be delivered in December rose by US$11.90, or 0.64 per cent, closing at $1,879.90 (Bt58,477) per ounce on Friday. However, the metal price dropped by 1.3 per cent this week and dropped by 0.8 per cent this month.

 

Gold price rose technically after falling in previous days. Meanwhile, it gained positive sentiment from mass buy-ups of the metal as a safe-haven asset in response to uncertainty over Covid-19's impact on the economy.

 

Source: https://www.nationthailand.com/business/30397100?utm_source=homepage&utm_medium=internal_referral

 

nation.jpg

-- © Copyright The Nation Thailand 2020-11-01
 
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...