Bangkok: The price of gold opened the market down 50 baht from yesterday’s closing price. Gold jewelry sells for 36,800 baht per baht. The market awaits important data reports on the US labor market.
Gold Traders Association Announcing the price of gold for the first time today, down 50 baht from yesterday (March 7). The market opened for gold bars with a domestic purchase price of 36,200 baht per baht and selling price of 36,300 baht per baht. Price gold jewelry Buying at 35,550.20 baht per baht, selling at 36,800 baht.
Meanwhile, the world gold market price (Gold Spot) is at 2,158.00 US dollars per ounce. Created a new high. The gold price dropped after that. According to the gradual selling to make a profit, however, the gold price is still able to maintain a high movement direction.
Mr. Poon Panitchpibun, money market strategist, Krungthai GLOBAL MARKETS, Krung Thai Bank, revealed that the views of the main central banks that have signaled their readiness to gradually reduce interest rates. has support
ed the price of gold (COMEX gold contract for delivery in April) can continue to rise above the level of 2,160 dollars per ounce. Reaching a new all-time high, some market players are gradually selling gold to make a profit. And this transaction flow also helps to strengthen the baht. Make the price of gold in the baht currency It may not have improved much. Compared to the price of gold in dollars
Today, the baht opened at 35.51 baht per dollar. ‘Slightly strengthened’ from the previous day’s closing level of 35.57 baht per dollar. The baht has gradually strengthened since the morning. That was supported by the rapid appreciation of the Japanese Yen (JPY) from market players’ expectations that the Bank of Japan or BOJ might start raising interest rates at its March meeting. As for last night The baht is still supported by the flow of gold trading transactions. After the price of gold continued to increase
For today, the market is awaiting important data reports on the US labor market. Both the total employ
ment outside the agricultural sector unemployment rate and wage growth. Market players will also be keeping an eye on the statements of Fed officials. To assess the views of Fed officials on economic trends and monetary policy directions.-516-Thai News Agency
Source: Thai News Agency