The Gold Traders Association this morning announced buying prices at 19,829.28 baht per baht-weight for gold ornaments and 20,200 baht per baht-weight for gold bar. Selling prices were set at 20,800 baht per baht-weight for gold ornaments, and 20,300 baht per baht-weight for gold bar. This means gold prices were stable from Friday’s close. Gains for the past five days were led by Johannesburg-based Gold Fields Ltd, which surged 15% this week, the most since February 2016. “It is almost as if the gold market is relieved that the US Federal Reserve raised interest rates on Wednesday evening, meaning that the whole business can be forgotten again for a while,” analysts at Commerzbank AG including Daniel Briesemann said in a note Friday.

Source: Bangkok Post March 18, 2017 03:00 UTC