Gold Price Today: Investors Flock to Safe-Haven Asset Amid Tensions in Red Sea and Market Volatility

2024-01-15 00:24:00

Today’s gold price (January 15, 2024) is still a safe asset that investors buy after Tensions in the Red Sea

gold price today foreign gold New York gold futures closed positive on Friday (Jan. 12) as US inflation Lower than investors expected, causing the expectation that the Federal Reserve (Fed) may cut interest rates.

Today’s gold price (January 13, 2024) opened the market and increased by 50 baht. The baht was slightly firm.

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Investors flock to buy gold as a safe-haven asset. amid rising tensions After the US and UK launched air operations against the Houthi rebels in Yemen. Gold contracts on the COMEX (Commodity Exchange) market will be delivered in February. Rose $32.40 or 1.60% to close at $2,051.60/ounce. and increased approximately 0.1% this week.

The Dow Jones New York Stock Exchange Index closed negative on Friday (Jan. 12), while the S&P 500 Index and Nasdaq Index closed slightly positive after volatile trading. Banks’ tepid earnings releases overshadowed positives from lower-than-expected inflation data, which supported expectations that The US Federal Reserve (Fed) will lower interest rates.

The Dow Jones Industrial Average closed at 37,592.98 points, down 118.04 points or -0.31%, the S&P 500 index closed at 4,783.83 points, up 3.59 points or +0.08%, and the Nasdaq index closed at 14,972.76 points, up 2.58 points or +0.02%.

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