Is the price of gold falling deep? After the Fed continues to raise interest rates The price of gold has a chance to reach $ 2,000 per ounce? when the US economy into a recession Let’s go find answers from the guru.
Ms. Sirilak Pakotiprapa, Director of Analysis, Hua Seng Heng Gold Futures Co., Ltd. revealed to Nation Online that the direction of gold next week will go down. Since the US Federal Reserve (Fed) has a meeting on February 1, it is expected to raise interest rates by 0.25% to 4.50-4.75%, because if it increases more, it may causeeconomy into recessioncan
Also, keep an eye on the statement ofMr Jerome Powell The Fed President Continuespolicy interest Because in the past, there has been a continuous signal of an interest rate hike. But now the situation has changed. In particular, the falling inflation did not rise as sharply as before. Which, if Powell slows down the rate hike, will be a factor supporting gold. But on the other hand, if interest rates continue to rise, gold prices will continue to decline.
In addition, data on the manufacturing and service sectors must be monitored. Including employment in Jan. of the United States and the meeting of the European Central Bank (ECB) and the Bank of England (BOE). There is a report on economic conditions in December from the Bank of Thailand. Follow the current account balance. However, last year, the US economic figures Strong, causing the Fed to continue to raise interest rates.
The price of gold has been up for five weeks, stuck around $ 170-200 per ounce, from $ 1,780 per ounce (New York Gold Spot) up to $ 1,950 per ounce. In addition, the price of foreign gold used to be as low as 1,614-1,617 US dollars per ounce.
As for the trend, foreign gold prices have a chance to break through 2,000 US dollars per ounce. if the world economy especially the United States severe recession Because from the statistics dating back to 1970, it was found thatUS economy 7 recessions occurred, gold prices rose 5 times or increased by 15%, but if the economy recession But not very severe, the price of gold may increase about 10%.
During the birthCovid year 63 The price of foreign gold used to rise to 2,074 US dollars per ounce. But the gold bar in the country is at 30,300 baht, the average appreciation of the baht is 31 baht per US dollar.
While in the year 65 duringRusso-Ukrainian War Foreign gold rises to new highs at 2,069 US dollars per ounce. But the baht depreciated to 35 baht per US dollar. making the gold bar the highest price at 31,700 baht
For the first support investment strategy at 1910 US dollars per ounce. The next support level at 1,900 US dollars per ounce, if dropped, accumulate. The first resistance is at $1,960 per ounce. Next resistance at 1965 US dollars per ounce. If the price continues to increase, gradually sell and take profits first.
The golden section during Valentine’s Day It is expected that the product will be a small card as an alternative for customers to give love to couples. or relatives, such as gold cards, size 2 grams, 10 grams, for customers to choose to deliver love Due to the high price of gold, people may turn to buy gold in smaller sizes. From the original purchase size of 1 baht or 2 baht