Bangkok, Thailand – 2025/10/16: Gold in a gold shop in Yaowarat (Chinatown) in Bangkok to buy and sell gold bars and gold jewellery. The higher activity was fueled by a continued sharp rise in the domestic gold price, which reached a high of 65,100 Thai baht (about $1,997 USD) per baht-weight. For reference, a standard Thai gold bar weighing one baht is equal to 15.244 grams. The price of gold continues its upward trend, continuing its upward trend since last month, primarily due to the ongoing economic and tariff disputes between the United States and China, particularly related to rare earth minerals. Gold has been performing strongly as a safe-haven asset during this period of economic friction, making it a popular choice for both risk-averse investors and speculators looking for profitable opportunities. (Photo by Arnun Chonmahatrakool/Thai News Pix/LightRocket via Getty Images)
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Gold prices rose on Tuesday after the late release of US economic data.
Spot gold rose 0.19% to $4,147.24 an ounce. US gold futures December delivery was up 1.16% at $4,141.70 an ounce.
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