2023-12-04 22:40:00
Reporters reported that Gold prices in the world market and domestic gold prices on December 4th. Rising to a new all time high (all time high) with the price of gold in the country rising to a maximum of 34,400 baht per baht, an increase of 300 baht, before the end of the market the price will flow down and close at 34,100 baht, selling for 34,200 baht, an increase. 100 baht throughout the day, the price adjusted 17 times due to the fluctuating price of gold in the world market. During the day, selling pressure began to emerge. Causing the price of gold in the world market to begin to decrease continuously.
Mr. Jitti Tangsitphakdee President of the Gold Traders Association Mentioning the price of gold on December 4th, the overall price of gold made a new high (New High), both in Thailand and international markets. The main factor comes from the market’s expectation that the US Federal Reserve (Fed) will meet on December 13-14. The Fed may consider delaying the increase in interest rates. While the US economic numbers It didn’t come out very well. As a result, investors view gold as an interesting investment.
“The trend of gold prices going forward has the potential to continue rising. Looking at the world gold price, there is resistance at 2,100 US dollars per ounce. While the price of gold in the country is estimated to have a chance of rising as high as 34,800 baht, the price of gold in the country still has factors that need to be monitored. Because it depends on the value of the baht which is quite volatile. Causing the price of gold to fluctuate as well. by the depreciating baht causing the price of gold in the country to increase But if the baht strengthens The price of gold in the country in baht will decrease. The factor that must be monitored is the Fed meeting, if there is a resolution to maintain interest rates. This may cause the world gold price to exceed $2,100 per ounce faster. Therefore, gold is seen as an interesting investment”.
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