MTS Gold Mae Thong Suk: Gold Price Trend Direction for Next‌ Week

Gold Price Outlook for 23-27 September 2024

The direction of the gold price trend for next week is⁢ likely to be influenced by the economic base, which is expected to continue improving. This comes after the US Federal Reserve (Fed) cut interest rates by 0.5%, marking the first ​significant interest rate cut in 4 years.

This move is expected to ‍drive⁣ the world gold ⁢price to new heights, while a weakening dollar index will put pressure on the Thai baht to strengthen. As a result, the baht‌ has reached ⁣a new low of 33.1 baht⁢ per dollar.

Despite this, the price of gold in Thailand is not expected to rise significantly, with the world gold support‍ level at 2,560-2,586 USD and the resistance level at 2,620-2,650 USD. This means that the ‌price ‌of gold in ⁣Thailand⁤ is likely to remain in the 40,600 baht area.

Key points to watch for next week include the world⁤ gold price, the dollar index, and the Thai ⁤baht exchange​ rate. ⁤These factors will influence the direction ​of the ‍gold price trend and determine whether it​ will continue to rise or fall.