Reporters said that on December 4, gold prices in the world market and domestic gold prices. Gold prices in the country rose to a high of 34,400 baht per baht before rising to 300 baht before the market closes, before the market closes. 34,100 baht, selling 34,200 baht, increase. 100 baht throughout the day, the price was adjusted 17 times due to fluctuations in the price of gold in the world market. During the day, selling pressure started to emerge. The price of gold continued to decline in the world market.
Mr. Jiti Tangsitpaktee Gold Dealers Association President noted the price of gold on December 4, the overall price of gold in Thailand and international markets made a new high (new high). The key factor comes from market anticipation of the US Federal Reserve (Fed) meeting on December 13-14, when the central bank may consider delaying interest rate hikes. At the same time the US economic numbers did not fare well. As a result, investors consider gold as an attractive investment.
“The gold price trend is likely to continue to rise going forward. Looking at the global gold price, there is resistance at USD 2,100 per ounce. Although the gold price in the country is estimated to be likely to rise to 34,800 baht, the country’s gold price still has factors to monitor. Because it is very Volatility depends on the value of Baht. Gold price also fluctuates. A depreciating Baht will make gold prices higher in the country but a strengthening Baht will lower gold prices in the country by Baht. If there is a decision to maintain interest rates, the factor to be monitored is the central bank meeting. This is the world gold price of $2,100 per ounce. may exceed 5. Hence, gold is seen as an attractive investment”.
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