BANGKOK, Thailand – YLG has outlined four key factors driving gold prices closer to their $3,000 target. Should this level be reached, the next target could be $3,100.
Thipa Nawawattanatrub, CEO of YLG Bullion & Futures Co., Ltd., revealed that gold prices recently hit a record high of $2,942.51 per ounce.
Similarly, the price of 96.5% gold bars in Thailand reached a new all-time high of 47,450 Baht per baht of gold. YLG’s target of $3,000 per ounce and 48,000-50,000 baht per baht of gold is within sight, especially with the added impact of a weaker Baht.
The four key factors driving the price surge are:
-Concerns over Donald Trump’s policy uncertainty,
-Increased geopolitical risks,
-Expectations of more relaxed monetary policies from the Fed, and
-Central bank gold purchases
YLG maintains its base case of $3,000 but sees a strong chance for a further push towards $3,100 if momentum remains strong. They advise caution regarding short-term profit-taking as prices rise quickly. As for Thai gold, once it nears 48,000 Baht per baht, the next target is 50,000 Baht.
Additionally, YLG encourages investors to consider trading gold through futures, which allows for profit opportunities in both rising and falling markets. YLG is currently offering a promotion for customers opening accounts with YLG Futures, including access to Trading View Essential Plan and five other exclusive benefits. (TNA)
