Gold rose sharply, rising 8 times in a row, adding 750 baht.
On May 10, 2024, reporters reported that today’s gold price According to information from the website of the Association of Gold Traders It increased 8 times, with the 1st opening increasing 400 baht, the 2nd-8th opening increasing 50 baht, causing the gold price increased by 750 baht compared to the last price yesterday.
Selling price of gold jewelry is 41,650.00 baht, buying is 40,310.44 baht per baht, while gold bars Selling price is 41,150.00 baht, buying is 41,050.00 baht for 16.16 minutes.
By the page “MTS Gold” or Mae Thong Suk Gold Shop, a message said that the reason for the increase in gold prices today from the US Department of Labor revealed that initial claims for unemployment benefits rose by 22,000 to 231,000 last week. This is the highest level for more than 8 months or since August. 2023 and above analyst estimates of 215,000.
The data is the latest evidence that the US labor market is starting to cool. After last week the US reported lower-than-expected non-farm payrolls in April, and job openings fell to a three-year low in March. Analysts predict that a slowdown in the labor market may cause the Federal Reserve (Fed) to cut interest rates twice this year.
New York gold futures closed positive on Thursday. After the United States revealed higher than expected numbers of people applying for unemployment benefits. This shows that the labor market is starting to cool down. And this gives investors hope that the Federal Reserve (Fed) will cut interest rates this year. The world gold price rose $37.55 or 1.63% to $2,346.24.
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