Gold Price Thailand August 29, 2025 – PPTVHD36
Gold Price Analysis – August 29, 2025 (Based on provided text)
Here’s a breakdown of the gold price analysis as of August 29, 2025, based on the provided text:
Key Data:
Domestic Gold: Closing at 250 baht compared to the previous day. Gold 5 baht (including planning fee) is priced at 265,250 baht.
Spot Market: Gold is referenced at $3,413.00/ounce, with the Baht/Dollar exchange rate at 32.36 baht/dollar.
Source: Hua Seng Heng provides overall market movement analysis.
Market Sentiment & Influencing Factors:
Short-Term Base: World gold has established a short-term base.
Economic Data Concerns: Market worry surrounds tonight’s (August 29th) Personal Consumption Index (PCI) announcement. Higher-than-expected expansion could make it harder for the Fed to cut interest rates this year.
Fed Expectations: Fed Governor Christopher Waller indicated a potential 0.25% interest rate cut in September, with further cuts expected in the next 3-6 months, contingent on inflation remaining near 2%.
Crude Oil & Trade: Indian Oil Corp. is increasing WTI crude oil purchases despite a US import tax increase from 25% to 50%.
Crucial Economic Numbers to Watch (tonight – August 29th):
19:30 hrs: US Core/General Consumption Index (monthly/year) for july.
21:00 hrs: University of Michigan Consumer Confidence Index (August).World Gold Price analysis:
Trend: Uptrend, but facing resistance.
Resistance Levels: $3,425 and $3,435.
Support Levels: $3,400 and $3,385.
Scenario 1 (Most Likely): Gold may adjust down to the $3,400 support level before recovering.
Scenario 2 (Bearish): if gold falls below $3,385, it may enter a sideways trading range.
Trading Strategy Proposal:
buy on Dips: Recommend buying and accumulating gold at the $3,400 support level.
Sell on Resistance: Sell for profit if the price tests the $3,425 resistance.
* Cut Losses: If the price drops to $3,385, sell to cut losses.
In essence,the analysis suggests a cautiously optimistic outlook for gold,with a focus on key economic data releases and technical levels for trading.