2024-01-11 00:00:00
YLG Bullion International Company Limited (YLG) Emphasize that this year gold overall is on the uptrend. There is a chance of making a new high at 2,300 US dollars per ounce. It is recommended that new investors still have the opportunity to play in short-term speculative rounds. Revealed that this year, new generation investors are turning their attention to the gold market more. Especially online gold trading, ready to reveal 4 techniques on how to invest in gold to be successful.
Pawan Nawawattanasap, Chief Executive Officer, YLG Bullion International Company Limited or YLG Said that the overall movement of gold in 2024 will remain upward. and have a chance to make a new high Because this year there are more positive factors for the gold market than negative factors. Especially the US policy interest rate. Entering a downward cycle In addition, there is concern about the expansion of the global economy. Geopolitical Risk which is consistent with JPMorgan’s side It is expected that the price of gold in the world market will rise strongly in 2024, reaching an all-time high again at 2,300 dollars per ounce. Along the way, there will be selling pressure and taking profits. Investors must therefore trade carefully.
For those who want to invest in gold this year. But I am worried that the price of gold is still stable at that high level. It is considered possible to invest in short-term speculation. By waiting to buy at the moment when the price adjusts down to test the important support area of 2,000 dollars per ounce. and the next support level is 1,982 dollars per ounce. To make a short-term profit from the swing up to test the resistance in the area of 2,071-2,089 dollars per ounce. Meanwhile, 96.5% of domestic gold bars assessed support at the area. 32,800-33,100 baht per gold baht and resistance considering the zone 34,300-34,600 baht per gold baht (Calculated with the baht value of 34.95 baht per dollar as of January 9, 2024 at 3:35 p.m.)
However, 2024 is a year that creates new phenomena for the gold market. This is because a new generation of investors has come to invest in gold more than every year in the past. Most recently, the proportion of online gold investors Almost half were found to be under 40 years of age. However, although new generations of investors are interested in investing in gold by buying-selling and playing rounds, there are some who want to buy physical gold to hold. Or give it as a gift on special occasions such as New Year, Chinese New Year, etc.
By YLG, there is advice for new investors. How to invest in gold to get good profits is as follows:
1. Choose to invest through a reliable gold shop. Because nowadays there are many scammers who trick people into investing in gold. The observation point is that there will be an incentive message that will be able to make profits that are higher than reality. within a short period of time, although various pages Will bring a picture of the gold shop executive. and gold images with symbols of famous gold shops used in promotions It’s not always guaranteed to be a real page. which if investors are unsure You can check the list of gold trade members of Thailand from the Gold Traders Association of Thailand.
2. Investing in 99.99 gold makes a better profit than 96.5 because 99.99 gold is accepted at a global level. Can be sold in foreign markets Including giving a better price difference than 96.5 by 99.99 gold that will be sold abroad. The gold must be purchased from a store accredited by the London Gold Market Association (LBMA).
3. Do not chase prices while gold is continually rising. If you want to play rounds to make a profit It should be planned carefully. and wait for the price to adjust first Waiting to test along the significant support area. Then consider buying
4. For investing in physical gold If you want to buy for investment Investing in gold bars will cost less than gold jewelry. Because there is no commission Moreover, it can be sold at a better price. Can be sold according to real-time price movements But gold jewelry besides having the gratuity deducted If you don’t take it to sell at the same store where you bought it. will get a lower price
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