Gold falls 300 baht in morning trade



BANGKOK: Gold fell 300 baht in the morning trade that opened at 9 am Saturday.

The Gold Traders Association this morning announced the buying prices at 20,700 baht per baht-weight for gold bullion, and 20,405.36 baht for gold ornaments

The selling prices were set at 20,800 baht per baht-weight for gold bullion, and 21,200 baht for gold ornaments.

The prices fell 300 baht from yesterday’s close.

Yesterday gold price soared 50 baht in the close after opening high in the morning trade, up 400 baht.

The buying prices yesterday closed at 21,000 baht for gold bullion, and 20,693.40 baht for gold ornaments.

The selling prices closed at 21,100 baht for gold bullion, and 21,500 for gold ornaments.

Source: http://englishnews.thaipbs.or.th/content/154816

-- Thai PBS 2016-03-12

That is probably only of any interest for someone who holds a fortune in local long gold futures contracts and not for someone who has stashed away a 10-baht-weight necklace.

No too many shorts , so they try to hammer Gold down again and it worked .

https://www.rt.com/shows/keiser-report/