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Bangkok Post
Bangkok Post
Business

Gold bounces back on weak dollar, US economic data

United States Gold US Dollar
Gold rose $38.67 an ounce or 2.2% to $1,701 an ounce on Monday night, making it the biggest single-day gain since March. (Photo: Chakrapan Natanri)

Gold prices rebounded sharply to pass US$1,700 an ounce as the US dollar weakened and recently released US economic data were worse than expected.

Gold rose $38.67 an ounce or 2.2% to $1,701 an ounce on Monday night, making it the biggest single-day gain since March.

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