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Bangkok Post – Gold tops $3,000 amid Trump-induced turmoil

(Photo: Bloomberg)

Gold prices have passed $3,000 an ounce for the first time ever, driven higher by a central bank buying spree, economic fragility worldwide, and US President Donald Trump’s attempts to rewrite the rules of global trade by imposing tariffs on allies and strategic rivals.

The spot price of gold was up 0.4% at $3,001.20 an ounce on Friday in New York trade.

Thai selling prices were changed frequently on Friday and were last quoted at 47,650 baht per baht-weight (15.2 grammes), up 1,100 baht from a week earlier, according to the Thai Gold Traders Association.

The move through the psychological $3,000…

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