Domestic gold price could register uptick

Quick Summary:

Domestic gold prices are set to rise further after reaching a fresh record of 45,200 baht per baht-weight on Tuesday as uncertainties surrounding US President Donald Trump's trade policies drive global demand for safe-haven assets, especially gold, says the Gold Traders Association (GTA).

Globlex Securities views the gold price as having a resistance level at $2,830 an ounce, then $2,845 for the next level.

Policy uncertainties related to Trump have also prompted central banks worldwide to bolster their gold reserves.

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Article Details

Category: EconomyBusiness

Markets: ThailandCanadaChinaMexico

Topics: Monday Gold Domestic Prices Bullion Level Trump Baht-weight Tuesday Price Baht

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 06:05:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 25899362

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