The prices Global of the gold They shot at Historic maximumswith an increase of more than 27% since the beginning of the year, driven for the tariff policies of the United StatesSy the increase in commercial tensions that generate strong uncertainty among investors.
The unstoppable rise of precious metal continued after Songkran’s holiday, reaching today A new historical peak of US $ 3,422 per ounce. This rebound also promoted the price of Thai gold pureness 96.5% to a record of 52,550 baht, although some short -term profits was observed.
The last jump in prices occurs after The conversations of US President Donald Trump with the Japanese minister for economic revitalization, Ryosei Akazawain relation to possible tariff measures.
Although Trump said there was “very good advances” in these talks, representatives of other Asian countries – including Thailand, India, Pakistan and Indonesia – also participated in commercial negotiations in Washington DC
Adding restlessness to markets, at the end of last week Trump expressed his optimism on a possible commercial agreement with the European Union within 90 daysafter a meeting with the Italian Prime Minister Giorgia Meloni.
The great unknown now is whether the uproad of gold may be maintained in this context. Tipa Nawawattanasub, Executive Director of YLG Bullion and Futures, anticipates that any short -term correction in gold prices will be limited.
She argues that The possible imposition of tariffs by the United States, which could unleash a large -scale commercial war with China, represents a significant threat to the global economy and reinforces the attractiveness of gold as an active refuge.
Gold: What is the floor, and what is the roof?
From YLG they consider that SI The global gold price is maintained above US $ 3,232 per ounce (equivalent to 51,000 baht for the Thai link), the short -term panorama remains bullish.
A consolidation above the range of U $ S3.285 to U $ S3.300 on an ounce (51,750–52,000 baht for the ingot) would indicate a pause before a new impulse towards the historical resistance of resistance of resistance U $ S3.357 to U $ S3.377 on an ounce (52,550–53,200 baht).
However, A fall below US $ 3,232 per ounce (51,000 baht) could generate deeper correctionthat YLG sees as a purchase opportunity for investors with long -term medium horizons, with an identified support zone between U $ 2,956 YU $ 2,989 on an ounce (46,550–47,000 baht).
After an eventual consolidation in the medium term, YLG projects a new rise, with an objective of between US $ 3,450 YU $ S3,500 per ounce (54,350–55,150 Baht) towards the end of the year.
Kritcharat Hirunyasiri, president of the MTS Gold Mae Thong Suk group, also highlighted the force of the upward impulse in global gold prices, which recently exceeded US $ 3,300 per ounce until reaching a new maximum of US $ 33,357.
According to him, This climb reflects the increasingly relevant role of gold as an active long -term refugein the midst of the growing global economic and political uncertainty. Persistent tensions between the US and China remain a key factor that affects international financial markets.
The recent reprisal measure of China, by imposing tariffs of up to 125% on certain US imports, reinforces the severity of the conflict.
Since the negotiations between the two economic powers do not show signs of a prompt resolution, The attractiveness of gold as coverage against instability is probably maintained.
While the US Federal Reserve. UU. Adopts a cautious posture in monetary policy, the general gold panorama is still favorable due to its refuge character. From MTS GOLD they anticipate an additional upward movement if commercial disputes persist, with a key support level at $ 3,300 per ounce. Technically, gold continues in a clear ascending trend, marking consecutive maximums.
Investors are warned about possible profit shots and are recommended to consider purchases in price casualties and take earnings in a staggered manner.
Source: Ambito
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