Gold fluctuated 10 times, closing the market at 250 baht as Israel prepares to retaliate against Iran.

The price of gold in the country decreased by 10 times, 4 times by 100 baht, 50 baht by 2 times, overall increased by 50 baht during the day, and the total increased to 750 baht when the market started, decreased by 500 baht, and at the end of the market, the price of gold was 250 baht.

-Price of gold bars: Buy 41,100 baht per gold bar, sell 41,200 baht per gold bar.

-Price of gold jewelry: Buy 40,355.92 baht per gold baht, sell 41,700 baht per gold baht.

As for the spot price of gold, it was 2,372.50 US dollars per ounce at 36.65 baht per US dollar.

CNBC reported that demand for gold as a safe-haven asset has increased. Iran fired dozens of missiles and hundreds of drones at Israel late Saturday in response to Israel's attack on the Iranian embassy in Syria.

The situation is heating up. Israel Defense Forces (IDF) Chief of Staff Lt. Gen. Herzi Halevy confirmed that Israel will definitely retaliate against Iran. Deputy Foreign Minister of Iran Mr. Ali Bagheri announced that if Israel attacks Iran, Iran will not stand by. Iran will respond with swift and violent tactics, sending gold futures up $20.50 to $2,403.50/oz. This morning (April 16)

A Citigroup analyst group led by Akash Doshi, head of commodities research for Citigroup's North American region, predicts gold prices will rise above $3,000/oz in the next 6-18 months, with Goldman Sachs analysts saying gold is now in a bull market. The gold price target was raised to $2,700/oz by the end of 2024 from the original expectation of $2,300/oz.

#World Gold

#Iran is Israel

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