Gold retreats as Fed rate hopes fadeAn assistant records a customer's requirements at Hua Seng Heng gold shop on Yaowarat Road in Bangkok. Bullion retreated from two-week highs in Asian trade on Thursday following Trump's prime-time address to the nation late on Wednesday. Locally, gold bars were quoted at 71,400 baht per baht-weight in volatile trade, with 40 price adjustments, according to the Gold Traders Association. "There is continued inflationary pressure following the rebound in crude oil prices, which reduces the likelihood of a Fed interest rate cut," YLG said in a research note. Globlex noted the market is awaiting the release of US non-farm payrolls for indications of a potential Fed rate cut.

Source: Bangkok Post April 02, 2026 22:14 UTC