Bangkok, The baht depreciated to its lowest level in two weeks, at 36.04 baht per US dollar. Resulting in the price of gold making a new high again. Gold jewelry sales went up to 37,350 baht per gold baht.

Miss Kanchana Chokpaisansin Research executive Kasikorn Research Center Indicates that the baht continues to depreciate in line with most currencies in the region. while the US dollar There is continued support in the period before the Federal Reserve Board (FOMC) meeting on March 19-20, 2024. The market estimates that the Fed may not be in a hurry to send a signal to cut interest rates. And there should be a review of the dot plot of economic and inflation estimates at this meeting. And important factors that need to be followed include the direction of foreign investment. Results of the Bank of Japan (BOJ) meeting and numbers on home building starts and construction permits in February in the United States.

The Gold Traders Association reports today’s gold price has hit an all-time high again. This mor
ning, the first round price Increased from yesterday to 150 baht per gold bar price. Buying gold at 36,750.00 baht per baht, selling at 36,850 baht per gold baht, as for gold jewelry. Buying gold at 36,095.96 baht per gold baht, selling at 37,350 baht per gold baht. However, the price of gold changed the second time, dropping 50 baht.

Hua Seng Heng Gold Futures Co., Ltd. stated that spot gold prices have recovered slightly. Gold contracts on the COMEX (Commodity Exchange) market for April delivery increased 2.80 US dollars or 0.13% to close at 2,164.30 dollars/ounce. and the baht depreciates causing it to continue to support the price of gold bars in the country If you hold gold long term, you can continue to hold it. But if making short-term profits It is still recommended to gradually sell to make some profits.

Source: Thai News Agency