Analysts upbeat on long-term gold prices

Quick Summary:

Analysts expressed optimism that gold prices have a chance to rise in the long term after domestic prices plunged by 800 baht per baht weight on Thursday, mainly attributed to the dollar strengthening.

Even though the ballot count is ongoing, the Republicans are likely to win a majority in both the Senate and House of Representatives, making US politics more stable, said Hua Seng Heng.

Spot gold was quoted at $2,657.65 per ounce at after hitting its lowest level since Oct 15 earlier in the session.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Prices Heng Trader Seng Policies Trump Baht Gold Domestic Term Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 06:45:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 335 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23466086

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Main Topics: EconomyBusiness

Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 3 hours ago

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