gold price today The market closed 150 baht as foreign countries rose from concerns about the collapse of SVB, investors flocked to buy safe assets, spot prices close to 1,900 dollars / ounce.
The Gold Traders Association Announcing the gold price in the country today (13 March 2023), a total of 4 times, with the price increasing throughout the day. The market closed down 150 baht from the previous day, in line with the direction of the world market. See the price of gold running close to $1,900/oz. while the baht remained stable from the morning session
- Gold bars buy back 30,700.00 baht / gold baht and sell out 30,800.00 baht / gold baht
- Gold ornaments buy back 30,153.24 baht/gold baht and sell 31,300.00 baht/gold baht
Domestic gold was quoted on the spot market at $1,888.00/oz. and based on the Thai baht, 34.57 baht / dollar
Watch gold prices late in Asian markets on Friday.
Gold prices in Asia continue to rise After Friday’s gold price jumped 2%, investors moved their money to buy safe-haven assets after Silicon Valley Bank (SVB) collapsed and anticipated the Fed meeting on March 21- 22 slows interest to reduce the economic impact
SVB is the second major US bank in history to fail. which caused panic throughout the US financial system. And causing Fed officials to come out to insure depositors.
Gold prices rose in a month, while baht and bond yields fell. on expectations that the Fed will slow the increase in the interest rate
Spot gold was up 0.9% at $1,885/oz. The price has risen more than 3% since the market closed last Wednesday.
Hua Seng Heng gold shop Looking at the upward trend of gold prices Gold prices rose during the day to their highest level near $1,900.
Spot gold prices rose during the day to all-time highs near $1,900 as investors continued to buy gold on concerns about the collapse of the SVB affecting the wider financial system. But the Fed stepped in to rectify the situation relatively quickly. It has established a “Bank Term Funding Programme” which offers a one-year loan to financial institutions. And protect people who make deposits will have full access to their deposits. Help reduce panic. Call to be confident that you will be able to get your money back. Therefore, people may not flock to withdraw too much money which causes other financial institutions to face temporary liquidity problems. Therefore, it may be necessary to sell bonds. and facing a loss problem But the concern here is whether the GMB crisis will spread like 2008 or not. The business is still different in terms of the size of the business which is smaller and specific to the sector, including quick action to solve the problem.
gold price trend
Gold prices expect short-term selling pressure However, gains continue. Gold price has resistance at $1,900 (GF 31,020 baht) and $1,910 (GF 31,140 baht), while support is at $1,860 (GF 30,790 baht) and the next support is at $1,850 (GF 30,620 baht).
For Gold Online Futures, resistance is at $1,905 and $1,915, while support is at $1,865 and $1,855. Investing in Gold Online can buy for short-term speculation around the price of $ 1,860 (GF 30,790 baht) with a sell point to break loss at $ 1,850 (GF10J23 30,620 baht) Break loss at $ 1,855
