Bangkok, Gold prices soar non-stop. The market opened with a sharp increase of 350 baht, breaking the record high. The latest gold price at 11:05 a.m. increased for the third time. Gold bars sold out, touching 39,000 baht, gold jewelry touching 39,500 baht.
Gold Traders Association Announcement of the gold price on Monday, April 1, 2024, 1st time (market opening) at 9:05 a.m. Gold bars buy back 38,800.00 baht/baht of gold and sell out 38,900.00 baht/baht of gold. Gold jewelry buy back 38,097.08 baht/baht. gold and sold for 39,400.00 baht/baht of gold
The second time at 10:41 a.m., gold bars bought back 38,850.00 baht/baht of gold and sold out 38,950.00 baht/baht of gold. Gold jewelry bought back 38,157.72 baht/baht of gold and sold out 39,450.00 baht/baht of gold, reaching a new all-time high. of gold in the country
3rd time at 11.05 a.m. Gold bars bought back 38,900.00 baht/baht of gold and sold out 39,000.00 baht/baht of gold. Gold jewelry bought back 38,203.20 baht/baht of gold and sold out 39,500.00 b
aht/baht of gold, reaching a new all-time high. of gold in the country
The first domestic gold price announcement is based on the spot market at $2,257.00/ounce. and referenced the baht at 36.40 baht/dollar for the second time, based on the spot market at 2,262.50 dollars/ounce. and refer to the baht value of 36.37 baht/dollar
Spot gold prices rebound sharply. This is due to support from the fact that the Federal Reserve (Fed) will cut interest rates soon after the release of the US PCE index inflation numbers last Friday came out in line with the expected numbers.
Analysis from Hua Seng Heng indicates that Gold Futures (GF10J24) at the beginning of this week, world gold prices continued to increase. Although the Thai baht has begun to strengthen slightly But it is expected that there is a chance that the price will test 39,500 baht, which is seen as an opportunity to share short-term profits. Recommend going long on the GF10J24 contract by holding Let Profit Run and cutting losses if it breaks the first s
upport level at 38,800 baht.
Source: Thai News Agency