The Gold Trade Association reported that the gold price (96.5% gold) retail in the country today increased from 400 baht per gold yesterday, with the market opening at 09.18. Buying in gold baht 30,600.00 per baht, selling out 30,700.00 baht per gold while the price of gold jewelry. Buying in gold baht 30,047.12 per baht, selling out 31,200.00 baht per gold.
YLG Bullion and Futures Company Limited (YLG) revealed that the Monetary Policy Committee (MPC) signaled a rate hike as usual would encourage the baht to appreciate and depress the price of gold in the country. But the baht did not appreciate from the news. but depreciated following the meeting result The MPC has completed As pressure on the dollar’s appreciation amid the prospect of the Federal Reserve (Fed) raising interest rates to curb inflation. which affects the price of gold Because it is still a popular asset to hedge once morest inflation.
In this regard, the long-term gold price is still in an upward direction. Therefore, if the gold price is not lower than 28,000 baht/baht, gold has a chance to continue rising. by price area 28,000-27,800 baht/baht gold is an opportunity to buy. But if the adjustment does not go up to 32,000 baht / baht, gold is recommended to sell and make a profit first.
