Gold prices tipped to keep rising this week

Quick Summary:

The Gold Research Center (GRC) expects gold prices to continue to rise this week, driven by three key supporting factors: the ongoing crisis in the Middle East, expectations surrounding the Bank of Japan's (BoJ) monetary policy meeting, and persistent weakness in US economic indicators.

Gold jewellery items on display at the Hua Seng Heng gold shop in Bangkok's Yaowarat area.

The SPDR Gold Trust, the world's largest gold fund, also acquired 1.15 tonnes of gold over the past week.

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Article Details

Category: EconomyBusiness

Markets: ThailandBrazilChinaIndiaIsraelJapanSouth Africa

Topics: Prices Ounce Last Heng Seng East Week Middle Baht Gold Domestic

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 05:47:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 574 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 23313155

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