Spot gold climbed 0.6% to US$1,631 an ounce after hitting the lowest level since April 2020 at $1,620.20 Monday. Headwinds for gold are the strengthening dollar and rising interest rates, head of institutional sales for APAC excluding China, Jaspar Crawley, said. Research shows a significant recovery of gold demand in Thailand, says Mr Naylor. He said Thailand is one of the largest consumer markets for gold in Southeast Asia with a market size of 45 tonnes a year, twice the size of the Australian market. Half of retail investors in Thailand own some form of gold and risk reduction is the main factor prompting investors to invest in gold. Gold bars are the most popular method of investing in gold, followed by gold coins, . . .
Read more at www.bangkokpost.com
