Gold Prices Today (Feb 2, 2024) Rapidly Decline, Dropping 3,050 Baht

Gold prices today (February 2, 2024) dropped 3,050 baht compared to yesterday's closing, with gold ornament prices reaching 71,950 baht per unit, based on the latest data from the Gold Traders Association. Domestic gold bars are currently trading at a buy price of 70,950.00 baht and a sell price of 71,150.00 baht, according to the 69th announcement today. Gold ornament prices show a buy rate of 69,523.76 baht and a sell rate of 71,950.00 baht. Huaseng Heng analyzed the morning gold price trend for February 2, 2024, noting that global gold is declining due to the US dollar index rising to 97.14 units from 95.65 units. Additionally, US 10-year bond yields remain steady at 4.23%, following the US releasing PPI and Core PPI indices higher than analysts' previous expectations. Former President Trump also posted on Truth Social suggesting Kevin Walsh, a former Federal Reserve governor known for being an inflation hawk, as the next Fed chair to succeed Jerome Powell.