Showing 1 - 10 of 20
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.
Traders bullish on outlook for gold prices
Business, Nuntawun Polkuamdee, Published on 25/06/2024
» Traders expect gold prices to remain high over the next 3-5 years because of ongoing global economic uncertainty and geopolitical conflicts.
Follow the yellow brick road
Nuntawun Polkuamdee, Published on 13/05/2024
» Gold prices were stagnant in early May, settling just above the US$2,300 threshold during the first weekend of the month, after briefing touching the lowest level since early April.
Thai gold price hits record
Business, Nuntawun Polkuamdee, Published on 20/10/2023
» Domestic gold prices rose to a record high of 34,100 baht per baht weight on Thursday, up 300 baht from a day earlier, as the intensity of the Israel-Hamas conflict has driven up demand for the safe-haven asset, says the Gold Traders Association (GTA).
Asian shares follow Wall Street upward
Business, Nuntawun Polkuamdee, Published on 10/12/2022
» RECAP: Asian stocks climbed after Wall Street posted its first advance this month, with traders focused on upcoming US inflation figures for clues on the path of interest-rate increases.
Analysts see Fed rate hike of 0.5%
Business, Nuntawun Polkuamdee, Published on 08/12/2022
» Analysts expect the Federal Reserve to raise interest rates by 0.5% in the middle of this month, putting pressure on stocks, gold and oil to continue their freefall.
Oil stocks rise in line with higher crude oil costs
Business, Nuntawun Polkuamdee, Published on 19/03/2022
» Oil stocks rallied after the crude oil price hit US$109 per barrel on worries that sanctions on Russian crude could lead to supply shock.
The asset that never loses its sheen
Business, Nuntawun Polkuamdee, Published on 21/02/2022
» With a reputation as a safe-haven asset, gold has historically been perceived as a core risk diversification asset and an efficient tool to preserve and pass on wealth to the next generation.
Outbreak causes SET jitters, but rubber gloves bounce
Business, Nuntawun Polkuamdee, Published on 08/04/2021
» A fresh round of Covid-19 infections in Bangkok has sparked fears of a prolonged lockdown, causing the SET Index to plunge 1.46% or by 23.10 points, closing at 1,556.56 points in trade worth 108 billion baht on Wednesday, propelling investors towards safe-haven assets like gold.
Will gold keep shining?
Business, Nuntawun Polkuamdee, Published on 30/09/2019
» Gold prices have leapt nearly 18% this year to exceed US$1,500 an ounce, the highest level in over six years, raising questions as to whether the precious metal's hot streak is nearly over.