Gold hits Thai record high amid global turbulence

Quick Summary:

Domestic gold prices are on course to surpass 43,000 baht per baht weight, after hitting a record high of 42,400 baht on Friday, while global prices could reach US$2,800 an ounce later this year based on growing geopolitical conflicts and global interest rate cuts, says the Gold Traders Association (GTA).

"The baht makes it hard to predict exact domestic prices.

The increase tracked a global jump as tensions in the Middle East pushed bullion to trade at a record high of $2,710 an ounce, up 0.7% from the previous session.

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Category: EconomyBusiness

Markets: ThailandChina

Topics: Baht Gold Bullion Ounce Year Middle Jitti Global Prices East Rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-19 @ 04:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23123412

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