YLG expects gold to be difficult to sell in the short term and interest rates have been falling for 3 years, supporting the upside.

HoonSmart.com>>YLG believes there is still hope for anyone waiting to buy gold for less than 40,000 baht. But in the short term this is less likely. The supporting factors remain strong. It is clear that US Federal Reserve interest rates are on a downward trend this year and over the next two years. Geopolitical conflicts motivate central banks around the world to hold gold for 8 consecutive months as reserves. It is recommended that you wish to buy gold through the Get Gold application at a price starting from 100 baht and up to 80 kilograms per day.

Ms. Pawan Nawawattanasap, CEO of YLG Bullion International (YLG), said that the price of gold in the global market continued to rise sharply until it rose above YLG's target, with a G value of $2,350 per ounce. This advises investors that if the price rises to the $2,350 level, they should be careful in investing. Because at this level there may be selling pressure to make short-term profits.

However, profit-taking pressure may cause gold to contract to a certain level. But it is believed that in the short term the price of gold will not fall below $2,300 in the country. If the value of the baht does not fluctuate much, the price will be around 40,000 baht for every baht of gold.

As for the gold price correction this time, it is clear that it will not decline much. This is because the main supporting factors remain strong. Interest rates at the Federal Reserve (Federal Reserve) will begin to enter a downward trend this year. This year it will fall 3 times, 0.25% each time, and will continue to fall next year and the year after, making investors believe that gold will receive positive factors from lower interest rates. It will affect the value of the US dollar to decline. And the continued demand for gold from various central banks due to the trend of de-dollarization. Central banks around the world continued to hold an additional 39 tons of gold in January, with Turkey and China the biggest buyers. As a result, central banks around the world have been net buyers of gold for the eighth month in a row, a continuation of geopolitical factors also supporting the gold rush.

For those who want to buy and see if the price of gold will drop below 40 thousand baht or not. I see there is a chance for this to happen. If the situation changes, a reduction in the strength of the supporting factors may cause prices to begin to stabilize. But it is estimated that it will not fall below $2,270 or 39,000 baht, but YLG sees the possibility of it falling below 40,000 baht in the near future still less. Because the gold trend is still up.

In terms of gold investment tools during this period, YLG still offers the Get Gold app, a service for investors who use only 100 baht of investment and are able to buy and sell spot gold in real time 24 hours a day and can be easily accessed using a smartphone. Applicants can confirm their identity and submit documents through the application. Find out the approval results within one day. Gold can be bought and sold instantly and is open for investment starting from 100 baht up to 80 kilograms per day. Those interested can download the application from the App Store and Play Store or call 0-2678-9888#1.