Strike Gold: Your Weekly Update on the Shining Metal – InterGold Weekly NEWS Ep.130

Intergold Weekly News: Gold Price ‌Reaches New ‌All-Time High

Weekly gold news summary EP130, dated 26 October 2024.

Gold Price Sets New Record

The‌ price of gold shot up ⁢to 44,000 baht,⁣ setting a new All-Time High record last week. This significant increase comes after the price was ‌around 42,500 baht in the middle of the war situation between Israel and Iran, which has ⁤no signs of ending easily.

Depreciating Baht and Rising Gold Prices

The value of the baht continues to depreciate, resulting in an increase in⁢ the price of⁤ Thai gold. As the dollar weakened after the war, foreigners ⁤are holding onto dollars, causing the baht to continue to depreciate.

Should Investors Sell or Hold?

For investors who see gold prices rising, is it a good idea to sell? ⁣If you want to sell, now ⁤might be a good time,⁢ as gold ‍has reached interesting⁤ levels. However, it’s recommended ‌to leave around 20% – 30% of your gold in your portfolio.

Long-Term Outlook

In the long run, for those who buy gold at high prices, don’t worry. Gold still tends to continue its upward⁣ trend, with some‍ adjustments possible. This year, gold has already risen significantly, so there’s a chance the price won’t fall too sharply.

Stay Informed

Stay tuned for US election news and the Fed’s decision on‌ interest ‍rates in early November,⁣ which may‍ impact gold prices.

Invest in Gold with Intergold

Interested‍ in opening⁣ an investment portfolio or consulting a gold investment? Contact our Line Officer: ⁣@intergold or Line Officer for buying and selling ⁣gold savings: @Gold2go.

Anyone can buy gold⁤ 24 hours, 7 days, with a minimum investment of 100 baht.

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