Gold smashed the record for more than a year, the figure rose to 30,750 baht, the president of the Gold Traders Association revealed that the world market price fluctuates. come from a single factor The situation of Russia and Ukraine
On March 5, 2022, reporters reported. On Friday, March 4, last The global gold spot rose to $1,970 an ounce, the highest in more than a year, and took effect domestic gold prices as of March 5, according to the Gold Trade Association announced.
The purchase price of gold bars was at 30,150 baht per baht and sold out at 30,250 baht per baht. The purchase price is 29,607.48 baht per baht and the selling price is 30,750 baht.
Compared to the past 1 month Gold prices have risen more than 8% as investors continue to invest in gold as a safe haven asset. After the Russian-Ukrainian conflict intensify Recently, there have been reports of a Russian attack on Europe’s largest nuclear power plant located in Ukraine.
However, even the latest gold price has not broken the previous record, but it is considered to be approaching. As of Aug. 7, 2020, the gold spot was $2,070 per ounce. The price of gold in the country, gold bars, buy 30,300 baht per baht, sell out 30,400 baht per baht, the price of gold jewelry, buy 29,759.08 baht per baht, sell out 30,900 baht per baht.
Mr. Jitti Tangsitpakdee President of the Gold Trade Association revealed that the gold price situation in the world market is volatile at the moment due to only one factor, namely The tension between Russia and Ukraine As for the gold price trend from now until Monday, March 7, it is difficult to assess and the news of the Russian armed conflict must be closely monitored. whether to resolve or if Russia uses more violent weapons There is a chance that the gold price in this round will break the previous record on August 7, 2020.
so this time The news of the Russian war is the only factor affecting the price of gold in the world market. Although on March 15, the US Federal Reserve or the Fed will have a monetary policy meeting. It is expected that the interest rate will be raised by 0.25%, which is normal for the price of gold to fall. But this time, I don’t think that will affect the gold price. The war situation is more important.
” The atmosphere of gold trading in the country since the end of February has been selling gold continuously. Not only because the price of gold is more expensive. But with the economic slowdown along with the COVID situation. and the more there is a conflict between Russia and Ukraine Make the gold price surpass 30,000 baht. The more people take out the gold to sell more. without buying back Therefore, it is believed that there are not many people who are collecting gold now and they are almost gone.”
