The gold price closes today (February 8, 2024) at 35,000 baht during the Chinese New Year festival, Year of the Dragon.
The Gold Traders Association announced the gold price on February 8, 2024, and closed trading “100 baht higher” while still moving slowly sideways.
People are flocking to buy this super cute “Little Gold Dragon Pendant” for Chinese New Year 2024
The last date for 3 companies to improve their financial conditions before being delisted from the market
- Gold bars Buy back 34,300.00 baht of gold and sell 34,400.00 baht of gold.
- Gold jewelry Buy back 33,685.52 baht of gold and sell 34,900.00 baht of gold.
- 1 gold saloon Price including gratuity: 9,100 baht.
- 2 gold saloons The price including bonus is 17,700 baht.
- Half a gold salong The price including gratuity is 4800 baht.
Domestic gold spot market price is $2,033.50 per ounce. Based on a baht value of 35.77 baht/$
The price of gold rose slightly to reach the resistance level at $2,040, influenced by selling pressure from the SPDR Gold Fund, which yesterday sold another 5.47 tons, currently holding 842.22 tons gross for February, net selling 8.93 tons, while this year, from January 1 – Time At present, net sales are 36.89 tons amid interest rates that remain at a high level. Meanwhile, the dollar index has weakened slightly. Yesterday it opened at 104.15 points, recorded the highest point at 104.17 points, and closed at 104.06 points.
While it was at 104 points this morning, the baht is still in a downward trend, opening yesterday at 35.60 baht per dollar. While this morning it fell to the level of 35.66 baht per dollar. The important US economic numbers released yesterday, specifically the trade balance, were lower than expected.
For today, follow important economic numbers from the United States, including unemployment claims rates, which are expected to be lower than previously.
The price of gold continues to move in a sideways range, near the original range. Today, it is expected that there will be a support framework at 2025 currencies and an important resistance level at 2040 currencies, and for online gold futures contracts, it is expected that there will be a support framework at 2045 currencies and an important resistance level at 2060 currencies and the Gold Comex.
It is expected that there is a support level of 2,040 baht and a resistance level of 2,055 baht. As for the Thai gold price, there is a support level of 34,150 baht/gold. There is resistance at 34,500 baht/gold baht which is still slowly moving sideways to the upside.
source: Gold Merchants Association / My thong sok
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