Association anticipates gold price hitting $3,000 in Q1

Quick Summary:

Gold prices could hit US$3,000 an ounce by the first quarter of next year as Donald Trump's return to the White House on Jan 20 will put the global economy on the verge of turmoil, stimulating demand for safe haven assets, notably bullion, says the Gold Traders Association (GTA).

Gold has hit successive records this year and is set to close 2024 more than 27% higher.

The brokerage now projects gold will have a resistance of $2,650 an ounce by the year-end and support at $2,580-2,600, she added.

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Category: EconomyBusiness

Markets: Thailand

Topics: Economy Dollar Ounce Bank Prices Bullion Trump Central President Gold Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 04:49:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 24682914

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