Gold moves up 700 baht on news of the Fed maintaining interest rates.

Bangkok, Gold Traders Association The 1st announcement (market opening) at 9:11 a.m., a sharp increase in line with the world gold market of 700 baht, is considered a significant increase. Made an all-time high. As for the price of gold in the country, it rose to a maximum of 36,850 baht, a total increase of 100 baht yesterday (20 March). For today's gold price Domestic gold trading price, type 96.5%, Thursday, March 21, 2024 (1st announcement) Gold jewelry price, selling out at 38,050 baht per baht, from the price from the domestic gold trading price on Wednesday, March 20, 2024, gold jewelry selling out at 37,350 baht. Therefore, it was immediately increased to 700 baht after the market opened. Meanwhile, the price of gold bars is selling at 37,550 baht per baht and buying at 37,450 baht per baht this morning. After the US Federal Reserve (Fed) decided to maintain short-term interest rates at 5.25-5.50% at yesterday's meeting (20 March), the highest level in more than 23 years, and also signaled a 3-year interest rate cut. times in 2024, which will be reduced by 0.25% each time, totaling 0.75%. Source: Thai News Agency