Gold gains on weakening dollar, high US unemployment

News
The price of gold increased by Bt150 on Friday (April 10) morning, the Gold Traders Association reported.

As of 9.52am, buying price of a gold bar was Bt25,450 per baht weight and selling price Bt25,650, while buying price of gold ornaments was Bt24,998.84 per baht weight and selling price Bt26,150.

At close on Wednesday (April 8), the buying price of a gold bar was Bt25,250 and selling price Bt25,450, while the buying price of gold ornaments was Bt24,801.76 and selling price Bt25,950.

The Comex gold stock, which will be delivered in June, rose by 3 per cent, and closed at $1,734.20 per ounce.

The gold price was supported by the weakening of the dollar, and the high unemployment numbers that made investors turn to gold as a safe haven asset.