Gold Price Today (26 Jan 2024) In the short term, bullion may rise slowly: PPTVHD36

Gold prices closed higher overseas today (26 Jan 2024). Thai gold faces a weak baht. In the short term, gold bars may rise slowly.

Today's gold price is an overview of last night's action. International market Gold contracts on the COMEX (Commodity Exchange) market will be offered in February. Up $1.80, or 0.09%, to $2,017.80/oz.

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The Personal Consumption Expenditure (PCE) price index for 4Q/2023 rose by only 2.7% in 4Q/2023. The 10-year US Treasury yield fell to 5.9% in 2022, according to the core PCE index. Includes food and energy categories. An increase of only 3.2%, down from 5.1% in the 4th quarter of 2022.

However, the gold market also received positive factors from data indicating a slowdown in the US labor market. Initial jobless claims rose 25,000 last week to 214,000, the U.S. Labor Department said. Analysts' estimates are higher than 200,000.

World gold price
Support 2010 and 2000 dollars
Resistance is at $2,030 and $2,037

Recommend to sell to take profit New round of buying in gold price When the price of gold fell to the $2,000 area, the sell point was to cut losses at $1,990.

Price of 96.5% gold bullion
Support level is 34,000 and 33,900 baht
Resistance levels are at 34,200 and 34,300 baht.

Spot gold prices will fall. With bullion at its weakest in 10 weeks, bullion prices are expected to pick up slowly in the short term. We recommend selling for profit and buy a new round at 33,850 baht.

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