Gold, crypto prices surge despite virus
published : 17 Apr 2021 at 08:00
57 A gold shop in the Yaowarat area of Bangkok. Gold prices are surging as investors seek safe-haven assets.
The third coronavirus wave in Thailand is pushing investors towards safe assets like gold, with online gold transactions doubling between April 15-16 as the global price reached a seven-week high, according to Hua Seng Heng Group, one of the country s large gold traders.
The spot gold price rose to US$1,769.41 (55,200 baht) on late Thursday (10.30pm) after the US bond yield sank to a four-week low as tensions between the US and Russia flared after Washington announced it was expelling 10 Russian ambassadors in retaliation over Russia s interference in last year s presidential election.
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