Showing 1 - 10 of 24
Gold price falls as Thai baht strengthens
Business, Nuntawun Polkuamdee, Published on 09/09/2024
» The domestic gold price has dipped by 2,000 baht per baht weight in just over a month as the Thai currency appreciated by more than 7% during the period, with the Gold Traders Association (GTA) noting prices may continue to decline if the value of the baht appreciates.
Big Tech sell-off takes toll on Asian equities
Business, Published on 27/07/2024
» RECAP: Asian equities were mixed on Friday as traders weighed the rising expectations of US interest rate cuts against continued weakness in technology shares after a protracted run-up in prices.
Local traders optimistic on price outlook for gold
Business, Nareerat Wiriyapong, Published on 24/07/2024
» Local gold traders remain bullish about bullion's price trend, saying prices could top US$2,500 an ounce by end-2024 with a significant price increase expected after the US Federal Reserve (Fed) cuts US interest rates in September.
Gold rush grips Asia despite near-record prices
Published on 13/06/2024
» SINGAPORE - Demand for gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers snap up the metal to hedge against geopolitical and economic uncertainty.
Vietnam may permit gold imports for first time in years
Reuters, Published on 12/06/2024
» SINGAPORE - Vietnam could allow companies to import gold for the first time in over a decade, as it aims to bridge the widening gap between local prices and international benchmarks, an industry official told Reuters.
Gold traders eye $2,500 this year amid frenzied buying
Business, Nareerat Wiriyapong, Published on 07/05/2024
» Local gold traders say global prices remain on course to reach US$2,500 per ounce in the second half of 2024, after slipping below $2,300 recently, although the market lowered expectations for US interest rate cuts to a maximum of two times this year, down from 3-4 earlier.
Calculating the cost of war
Business, Published on 29/04/2024
» Currency depreciation, a surge in oil prices and a decline in purchasing power often result from geopolitical conflicts.
Gold price peaks as SET index dips
Business, Nareerat Wiriyapong, Published on 20/04/2024
» Domestic prices of gold reached a new record high of 42,000 baht per baht-weight early Friday as the Stock of Thailand (SET) index sunk to a three-year low of less than 1,350 points, with unease in the Middle East sending investors rushing to safe assets.
Gold prices down B600 to B40,750
Online Reporters, Published on 13/04/2024
» The Gold Traders Association on Saturday morning announced the buying prices for gold ornaments at 39,916.28 baht per baht weight and for gold bars at 40,650 baht per baht weight.
Mideast jitters push gold past $2,400
Published on 12/04/2024
» Gold prices climbed to a fresh record on Friday as demand for the safe-haven asset was spurred by simmering Middle East tensions.