Gold prices remain a trend that investors are constantly interested in. In May, he is also an analystpridectPrices will continue to rise due to international conflicts in the Middle East and are expected to reach $2,690 per ounce. Meanwhile, in April this year, the global gold price reached a high of around US$2,430 per ounce. As for the price of gold in Thailand, it reached 42 thousand baht per 1 baht of gold (most recently on April 27, the price was at 2,338 US dollars per ounce).
The factors that make prices expected to continue to rise include:
- Inflation rates continue to rise though and begin to relax and this creates demand for gold as a hedge.
- Central Banks Buy More Gold By Different Banks The world is trying to diversify away from the US dollar.
- Geopolitical tensions such as the ongoing conflict between Israel and Palestine. This tends to make the price of gold a safe haven asset.
- Potential interest rate cuts by the Federal Reserve This makes non-yielding assets such as gold more attractive.
*However, investing in gold is risky. Investors should study the information before investing each time.
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