Gold prices fluctuate Amid the uncertainty of the results of the US presidential election by Dr. Amonthep Javala, Executive Vice President Executive officer of the research office Thai Bank CIMB sees gold prices at risk of falling 10% after the US election. The price of gold has increased very rapidly since the beginning of the year. Perhaps due to the risk of war the Fed cuts interest rates and the US economy declined due to Trump’s tariff measures. Many people expect the price of gold to reach $3,000 an ounce. Which should go, but before going to 3,000 it could go back to 2,500 first because investors often buy the rumor, sell the fact or buy back rumors or believe it will But when it came the results out as expected And it wasn’t as worrying as I thought, so it sold out. We’ll have to wait and see them tonight (5 Nov.)
Although Ms Thipa Nawawattanasap, CEO of YLG Bullion and Futures or YLG, sees that the direction in the big picture and soon is still up. Although it recently made a new high of 2,790 US dollars per ounce. If the target can be exceeded in 2024 at 2,800 – 2,850 US dollars, there will be an opportunity to test the next target at 3,000 dollars in 2025.
while gold bars in the country You will find a zone of 50,000 baht per gold baht. If the value of the baht does not fluctuate and weaken a little more which is the main positive factor It comes from the interest rate policy of the Federal Reserve (Fed), which has a downward direction for another 2 years, even though there will be an election. It is a factor that needs to be watched in the short term. But in the next period It is unclear whether gold will continue to serve as a safe haven asset during the policy period.
Related tags
#Gold #prices #fluctuating #Investors #keeping #eye #Fed #meeting #elections
