Bitcoin tumbles to a four-month low at B1 22mn
bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
Investors Dumping their Gold as the US Dollar Continues to Rise
chiangraitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chiangraitimes.com Daily Mail and Mail on Sunday newspapers.
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.