The price of gold today (February 23, 2024) closed trading and rose 50 baht. Jewelry returned to 35,000 baht after the price did not change for 3 days.
Association of Gold Traders Announce the price of gold on Friday, February 23, 2024. Close trading “Move up 50 baht” still maintaining the upward trend.
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- Gold bars are bought back at 34,400.00 baht/baht of gold and sold at 34,500.00 baht/baht of gold.
- Gold jewelry: Buy back 33,776.48 baht/baht of gold and sell 35,000.00 baht/baht of gold.
- 1 salung of gold, price including gift is 9,125 baht.
- 2 salung of gold, price including gift is 17,750 baht.
- Half a salung of gold, including gift, is 4,813 baht.
Domestic gold spot market is quoted at $2,025.00/oz. and based on the value of the baht 36.01 baht / dollar
YLG analyzed that gold prices this morning (23 February) were moving within a narrow range. while still maintaining the upward direction The price of gold was supported by the weakening of the dollar and US bond yields. After bouncing up in response to economic data in the US labor market. that still comes out showing a tight situation that has implications for staying at a high level of inflation in the US.
However, from such information This, together with comments from officials of the Federal Reserve (Fed), shows a tendency to maintain strictness in the implementation of the Fed’s monetary policy. Although the market has absorbed this trend But it is still considered a supporting factor for the dollar and US bond yields. So the upward trend in gold prices is limited.
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