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  1. #1
    Thailand Expat misskit's Avatar
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    Gold price slumps as US bond yield rises

    The price of gold dropped by Bt50 per baht weight in morning trade on Monday (August 17), the Gold Traders Association reported.

    As of 9.25am, the buying price of a gold bar was Bt28,450 per baht weight and selling price Bt28,550, while gold ornaments cost Bt27,939.88 and Bt29,050, respectively.

    At close on Saturday (August 15), the buying price of a gold bar was Bt28,500 per baht weight and selling price Bt28,600, while gold ornaments cost Bt27,985.36 and Bt29,100, respectively.

    The Comex (Commodity Exchange) gold price to be delivered in December dropped by US$20.6 or 1.05 per cent to $1,948.8 (Bt60,686.98) per ounce at Friday's close.

    Gold price dropped for the first time in 10 weeks after rising for two consecutive days due to pressure from rising US bond yields.


    The Chinese Gold and Silver Exchange Society said that the Hong Kong gold price dropped by HK$160, opening at $17,890 (Bt71,872.30) per tael on Monday morning.

    Gold price slumps as US bond yield rises

  2. #2
    Alpha Monger
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    Yeah yeah .

  3. #3
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    Strange. One day last week the gf pointed out that the gold shop at Tesco was selling at B30,000, then next time we passed by (never stopping) it was about B28,500. Not sure of the lower number but I know for sure it was 30K one day and a lot less one or two days later.
    That was last week, not today.
    Maybe they knew something we didn't.

  4. #4
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    Quote Originally Posted by Backspin View Post
    Yeah yeah .


    Gold price slumps as US bond yield rises-gold_3d_b_o_usd-png

    At 9:30 Thai time (20:30 NY time) MK's drop, then back up, along, back up and then up, up .... If it stays up at 9:35, opening time in Thailand, there will be a big jump.

    https://goldprice.org/charts/gold_3d...?1597674254551

    This is a link to the TGA site.

    Gold Traders Association : สมาคมค้าทองคำ - ราคาทองคำวันนี้ ราคาทองตอนนี้

    Once all the adds load along the top just below the title is, a "ticker tape", which indicate the times and amount of any changes. The number of changes reflects the spot price. Today we had 5 moves, 1 down 50 and 4 up, all at 50 ฿ /move.

    Here is a copy of today's TGA's "ticker tape". (Date, Change No., Time stamp, Change + or -, bar buy and sell price.)

    "17 ส.ค. 63
    ครั้งที่ 1 เวลา 09:25 น. [
    -50] 28450-28550 --
    ครั้งที่ 2 เวลา 11:13 น. [
    +50] 28500-28600 --
    ครั้งที่ 3 เวลา 13:11 น. [+50] 28550-28650 --
    ครั้งที่ 4 เวลา 13:38 น. [
    +50] 28600-28700 --
    ครั้งที่ 5 เวลา 14:08 น. [
    +50] 28650 - 28750 -"

    Check the site before you enter the Thai Gold shop. If it lower than the shop price sell quickly, if higher buy quickly. As illustrated bars have a 100 ฿ spread.

    "Jewellery", whatever the sales girls can sell to the ladies. They all tell good tales.
    All Thai gold shop are members of the TGA and should pay/charge the official buy and sold prices as it's updated.

    Quote Originally Posted by Shutree View Post
    Maybe they knew something we didn't
    The gold shop boss, in the back, knows exactly what the world/TGA price is.
    Last edited by OhOh; 17-08-2020 at 10:24 PM.
    A tray full of GOLD is not worth a moment in time.

  5. #5
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    Quote Originally Posted by OhOh View Post
    If it stays up at 9:35, opening time in Thailand, there will be a big jump.
    18 ส.ค. 63 ครั้งที่
    ครั้งที่ 1 เวลา 09:28 น. [+600] 29250-29350 --
    ครั้งที่ 2 เวลา 10:28 น. [-50] 29200 - 29300 --
    ครั้งที่ 3 เวลา 12:34 น. [+50] 29250 - 29350 --
    ครั้งที่ 4 เวลา 12:44 น. [+50] 29300 - 29400 --
    ครั้งที่ 5 เวลา 13:40 น. [+50] 29350 - 29450 --
    ครั้งที่ 6 เวลา 14:45 น. [+50] 29400 - 29500 --

  6. #6
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    A jump today?

    Gold price slumps as US bond yield rises-gold_3d_b_o_usd-png



    ราคาทองคำแท่งวันอังคารที่
    1 ก.ย. 63 ครั้งที่
    1 เวลา 09:27 น. [+250] 29000-29100 -- ครั้งที่
    2 เวลา 10:52 น. [-50] 28950-29050 -- ครั้งที่
    3 เวลา 12:21 น. [+50] 29000-29100 -- ครั้งที่
    4 เวลา 13:06 น. [-50] 28950-29050 -- ครั้งที่
    5 เวลา 14:09 น. [+50] 29000-291

    One wonders if this has any relevance:

    Quote Originally Posted by OhOh View Post
    Tsai authorities deserve a stern warning from Beijing:
    Global Times editorial

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