Gold bars were marked down 400 baht this morning to 68,750 baht for sale, after the NY futures market fell on stronger-than-expected US jobs data (162,000 non-farm jobs in August). Markets now price a higher chance of a Fed rate hike; US CPI and PPI data come this week and the Fed meets on 17 Sept. If you hold gold stock or quote gold-linked prices to customers, expect continued swings and check your buy/sell spread before repricing.
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