Published: July 15, 2021
Gold climbed to a four-week high as inflation concerns boosted demand for the metal as a store of value while Federal Reserve Chair Jerome Powell reassured investors on the outlook for stimulus. Copper and most other base metals fell.
Published: June 18, 2021
The price of gold in Thailand slumped by THB350 per baht weight in morning trade on Friday due to the strengthening dollar after the US Federal Reserve announced it had begun discussions on asset tapering and expected two interest rate hikes by the end of 2023.
Published: June 17, 2021
The price of gold slumped by THB350 per baht weight in morning trade on Thursday due to mass sell-offs of the precious metal after the US Federal Reserve began discussions on asset tapering and announced that two interest rate hikes are expected by the end of 2023.
Published: June 16, 2021
The price of gold dropped by THB100 per baht weight in morning trade on Wednesday due to a rising US bond yield. Meanwhile, investors delayed immediate stock and gold purchases as they awaited results of a US Federal Reserve meeting on Tuesday and Wednesday.