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

October 26, 2024 Catherine Williams Business
News Context
At a glance
  • The price of gold shot up to 44,000 baht, setting a new All-Time High record last week.
  • The value of the baht continues to depreciate, resulting in an increase in the price of Thai gold.
  • For investors who see gold prices rising, is it a good idea to sell?
Original source: intergold.co.th

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.

Follow Intergold for Updates

Come watch and update information about gold prices today. Ready to invest strategies with Intergold analysts here!

Follow us on Facebook: Intergold Gold Trade, and check today’s gold price.

Keywords: #Price of gold today #Summary of gold news #Gold price today #Latest gold price today #How much is the price of gold today?