Bangkok, Gold price today. Rising to make another new high. After last week's total increase of 1,300 baht/gold baht, the market estimates there is a chance to move up again. Experts advise people who have gold to continue holding it. For those who want to buy gold, wait and see. The Gold Traders Association announced that the price of gold was adjusted for the first time this morning, increasing another 100 baht, breaking a new all-time high. The price of gold bars is sold at 36,600 baht per baht, bought at 36,500 baht. Gold jewelry is sold at 37,100 baht per baht, bought at 35,838.24 baht. Calculate the selling price from gold in the Asian market at 2,180 US dollars/ounce and baht at 35.47 baht/US dollar. This is considered a continuous increase from last week (4-9 March 2024), totaling an increase of 1,300 baht per baht. Gold contract on the COMEX (Commodity Exchange) market closed (8 Mar.) price for delivery in April. Rose $20.30 or 0.94% to close at $2,185.50/ounce. and rose 4.52% in the past week, ma king a new high from support. The US Federal Reserve or the Fed may lower interest rates. This June Meanwhile, the US dollar weakened against major currencies. Analysis of gold price trends from Hua Seng Heng Gold Futures Co., Ltd. reports that an overview of past movements Last week, world gold prices and domestic gold prices were all-time high, even though US non-agricultural employment increased more than expected. But the rising unemployment rate has reinforced expectations that the Fed will cut interest rates faster. The Fed chairman has emphasized reducing interest rates this year. The SPDR fund sold 8.64 tons of gold last week. Numbers to follow This week the United States will release inflation numbers, including the Consumer Price Index (CPI) for February and the Producer Price Index (PPI) for February. In terms of gold investment analysis, there are still long green candlesticks, with the High and Low of each candlestick still elevated. and the market closed near a new All-Time high while Daily t echnical signals of gold prices still have an upward trend. With the important resistance level at 2,200 dollars, gold prices continue to surge. In addition, daily technical signals still tend to increase. Recommended for people who have opened a buy position, let Profit Run, but for people who want to buy, wait. Or if people like high risk, open a buy position around the price of 2,150 dollars with a stop-loss point of 2,144 dollars. Recommended to focus on entering and exiting. Fast in the price of gold bars 96.5%, support level 36,400 and 36,200 baht per baht Resistance levels are 36,700 baht and 36,900 baht. Spot gold prices are expected to continue to surge sharply. But the baht is appreciating quickly. The baht has strengthened the most in 1 month for those who have gold. It is recommended to continue holding (Let Profit Run). For those who will buy gold, wait and see. Kasikorn Bank reports that in Bangkok the baht has adjusted to a level of approximately 35.45-35.47 baht per dollar. This morning (9.3 5 a.m.) compared to the market closing level last Friday at 35.42 baht per dollar. The baht weakened some of its value back. (After strengthening and testing the line of 35.30 baht per dollar last Friday) consistent with the mixed direction of other currencies. in Asia this morning This is because the market is back waiting to follow signs of US inflation. Frame of the baht movement today Initial estimate is 35.25-35.50 baht per dollar. Source: Thai News Agency