Gold can’t hold on, rising another 500 baht/gold baht.

Bangkok, Gold prices continue to surge in line with the world market. Thai gold this morning until 10:15 a.m. rose 2 times, totaling 500 baht/baht of gold, making a new high. The Gold Traders Association revealed that the price of gold in the country this morning Making a new all-time high (All-Time high) in the new round, increasing from yesterday's price in the first round by 450 baht and the second round at 10:15 a.m. by another 50 baht, a total of 500 baht/baht of gold, according to the gold price situation in world market The second round of gold bar prices is buying at 35,700 baht per gold baht, selling out at 35,800 baht per gold baht. As for the price of gold jewelry, Buying gold at 35,049.92 baht per baht, selling at 36,300 baht per gold baht. World gold prices continue to surge. Reached the highest point in 3 months, supported by the US dollar. and the expectation that the Federal Reserve (Fed) will cut interest rates 4 times starting in June 2024. The SPDR fund has sold 2.3 tons of gold. Yesterd ay (March 4), gold contracts on the COMEX (Commodity Exchange) market were delivered in April. Increased $30.60 or 1.46% to close at $2,126.30/ounce. Kasikorn Bank reported that the baht adjusted to a level of approximately 35.78-35.80 baht per dollar. This morning (9.50 a.m.) compared to yesterday's market closing level of 35.82 baht per dollar. Even though the baht will strengthen But the baht's appreciation may be limited during the day, in line with signs of a slowdown in fund flows in the bond market. and the movement of other currencies in Asia this morning, while the Yuan remains relatively stable. After the Chinese official announced China's economic growth rate target for this year at 5% . Source: Thai News Agency