gold price today The market closes up to 100 baht. Investors are cautious when trading, waiting for new factors. The market is starting to evaluate the next Fed meeting at the beginning of May. Another interest rate increase of 0.25% is expected.
Gold Traders Association When announcing the domestic gold price today (March 29, 2023), the market closed, increasing by 100 baht from the previous day, improving according to foreign countries. But the price was adjusted in the afternoon down from the appreciation of the baht. making domestic prices cheaper
- Gold bars buy back 31,700.00 baht / gold baht and sold out 31,800.00 baht / gold baht
- Gold ornaments buy back 31,123.48 baht/gold baht and sell 32,300.00 baht/gold baht
domestic gold Refer to the spot market at $1,963.00/oz. and based on the Thai baht, 34.21 baht / dollar
Gold prices fell mid-week. After the US banking situation resolves
Gold prices in foreign markets fell slightly on Wednesday. Investors are moving money to buy risky assets again. After the closing situation of commercial banks has been eased.
Spot gold was down 0.4% at $1,965.89/ounce. and gold futures 0.3% moved $1,967.50 / ounce.
Traders say investors are cautious. The market is looking forward to the Federal Reserve Board meeting in early May. Recently, the market expects that the Fed will continue to raise interest rates by 0.25% before ending the hike.
Gold price gains support from Fed rate direction As the economy faces a deeper recession and financial institutions remain vulnerable.
Hua Seng Heng said that the price of gold has fallen slightly. Alleviating concerns about the banking crisis from selling profit Recommend buying around $1,950
See gold prices in the afternoon slightly lower. Improved last night Investors are keeping an eye on the release of the core personal consumption expenditure (PCE) price index for February. on this Friday At the same time, some concerns about the banking crisis have been alleviated. however The US government continues to work towards solving the banking crisis. The vice chairman of the Fed pointed to the failure of SVB executives and that the amount of money received in withdrawing customers was more than the government was told. Overall, the amount of deposits withdrawn from the GMB is over $142 billion, or 81% of total deposits. And have warned the GMB management team of the risk of raising interest rates that would affect the company’s balance sheet since November 2021, but still fail to control the situation.
Economic numbers to follow Tonight, the United States will reveal the number of contracts for the sale of homes that are waiting to be sold in February. The market is expected to fall 2.9% from an increase of 8.1% in January.
gold price trend
Beware of selling pressure Looking at the 2-hour gold price, the MACD indicator is weakening and the Modified Stochastic signal is crossing down. causing short-term gold price decline Gold price has resistance at $1,980 (GF 32,190 baht) and the next resistance at $1,990 (GF 32,270), while support is at $1,950 (GF 31,840) and the next support at $ 1,944 (GF 31,730) . baht)
For Gold Online Futures, there is resistance at $2,010 and next resistance at $2,020, while support is at $1,980 and $1,974. recommend selling for profit And can buy speculation around the price $ 1,950 (GF 31,840 baht) with a sell point to cut loss at $ 1,944 (GF 31,730 baht) Investing in Gold Online is recommended to take profit. And you can buy speculation around the GOM23 price at $1,980 with a stop loss at $1,974.
