The price of gold today increased by 200 baht from the previous day, the price fell slightly according to foreign countries and the baht appreciated. But still above $1,900/oz.
Gold Traders Association Announcing the domestic gold price today (14 March ’23), adjusted 5 times according to the volatility in the spot market. but remained stable above $1,900/oz. Spot and futures markets while the baht continues to appreciate
- Gold bars buy back 30,900.00 baht / gold baht and sold out 31,000.00 baht / gold baht
- Gold ornaments buy back 30,350.28 baht/gold baht and sell 31,500.00 baht/gold baht
domestic gold Based on the spot market at $ 1,902.50 / ounce. and based on the Thai baht, 34.48 baht / dollar
Gold prices rose and held more than $1,900/oz. after the banking crisis
Gold prices in the world market stand above $1,900 / ounce. Spot and future gold prices But the fresh high in more than 5 weeks of the market expects the US Federal Reserve (Fed) to slow or stop raising interest rates in meeting March 21-22.
But on Tuesday, spot gold slipped a slight 0.1%, moving at $1,910/ounce. after running up more than 2% on Monday. highest since February 3, gold futures Moved at $1,915.00/oz.
Traders say that after the financial crisis in the United States. Making investors turn to buy safe assets and expectations of the Fed slowing interest rates which is a factor supporting gold prices in the past
Gold is an asset that reduces risk in times of uncertainty. and worth investing in during the period of lower interest rates that traders see from the current situation gold to invest causing strong buying pressure giving the technicals a chance to continue when the price breaks the 50 average day
Hua Seng Gold Mall Spot gold prices in the middle of the anniversary were reported to be slightly sold out. After the gold price continued to rise for four consecutive days, the main reason for the gold price rebound in the last two days was concerns about the bankruptcy of Silicon Valley Bank, although the Fed and the Treasury Department in the US States announce measures to reassure depositors.
But investors have not once eased their worries. Because investors are still concerned that it will affect the stability of the banking system. And it will spread to US regional banks, including the FRB Last night, the New York Stock Exchange announced a trading halt in First Republic Bank, or FRB, after it fell heavily. Leading to the purchase of gold as a safe asset The crisis has put more pressure on investors that the Fed may not raise interest rates at this month’s meeting.
Economic numbers to follow The US will release the Consumer Price Index (CPI) for February this evening, with the market expected to increase 0.4% month-on-month from a 0.5% increase month-on-month. or a 6.0% year-on-year increase from a 6.4% year-on-year increase.
gold price trend
Several indicators, such as the Modified Stochastic and the 2h MACD, are starting to show signs of decline. Which is to be careful when buying now. You are advised to wait to buy for a while. Especially when gold prices fell to $1,890 and $1,880.
Gold has resistance at $1,920 (GF 31,490) and $1,940 (GF 31,640), while support is at $1,900 (GF 31,200) and the next support is $1,880 (GF 30,920).
For Gold Online Futures, resistance is at $1,925 and $1,945, while support is at $1,905 and $1,885. Gold Online can buy for short-term speculation around the price $ 1,880 (GF 30,920 baht) with a sell point to break loss at $ 1,870 (GF10J23 30,790 baht) Break Loss at $ 1,875
