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Gold Prices Surge to All-Time High with 400 Baht Increase Since Yesterday

The price of gold today (March 7, 2024) closed the market and adjusted the price 4 times, a total increase of 400 baht since yesterday. Breaking an all time high again

Gold Traders Association Gold price announcement Thursday, March 7, 2024, the market closed “plus 400 baht” from yesterday, following foreign gold which rose today to 2,161 dollars but shrank.

  • gold bars Buy back 36,250.00 baht/baht of gold and sell 36,350.00 baht/baht of gold.
  • gold jewelry Buy back 35,595.68 baht/baht of gold and sell 36,850.00 baht/baht of gold.
  • 1 saung of gold The price including gratuity is 9,588 baht.
  • 2 saung of gold The price including gratuity is 18,675 baht.
  • half a saung of gold The price including gratuity is 5,044 baht.

Check the direction of gold prices Should we continue or is this enough? After making the highest daily entry

Revealing 5 important factors for predicting gold prices What do I need to see?

Allocation of the land tax structure Push Thai real estate to grow

Domestic gold Refer to Spot Market No. 2,158.00 dollars per ounce and based on a baht value of 35.61 baht / dollar

Foreign gold prices today (March 7) have risen to a level of 2,161 dollars per ounce. Create an all-time high.

The price of gold fell after that after gradually selling profits, but the price of gold was still able to maintain a high movement direction. from the decline in the value of the dollar and US bond yields

Although a statement to Congress by Jerome Powell, Chairman of the Federal Reserve (Fed), last night (March 6) indicates that cuts in interest rates may not occur in the near future. It also cannot specify the time period for the start of the discount as well. But it is no different from the signal given previously.

Meanwhile, Powell confirmed the possibility of a rate cut this year. along with labor market information revealed during the same slowdown This makes the market less concerned about the Fed’s interest rate outlook.

Incidentally, YLG recommends following the disclosure of interest rate decisions and the results of Monetary Policy Committee meetings. The European Central Bank (ECB) tonight at 8:15 pm is ready to watch the announcement of the results of the meeting by Christine Lagarde, President of the ECB, at 8:45 pm to assess the ECB’s interest rate outlook, which is a famous issue It also plays a role in evaluating the Fed’s interest rate direction.

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