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 Post subject: Gold prices in the country this morning fell 450 baht per
PostPosted: Tue 2. Mar 2021, 07:21 

Joined: Mon 25. Jan 2021, 12:28
Posts: 56


The Gold Trade Association reported that the gold price (96.5% gold) in the country this morning dropped as much as 450 baht per baht, according to the gold price situation in the SLOT world market. By opening the market at 9:26 am. Buy 24,550.00 baht per baht, 24,650.00 baht per baht, while the price of gold jewelry Buy in each baht 24,104.40 sell out 25,150.00 per baht
Hua Seng Heng Gold Futures Company Limited stated in the analysis that Yesterday's gold price during the day began to recover. As the dollar depreciates And US bond yields fell. After last Friday Gold prices drop sharply, setting their lowest point in 10 months.

However, the price of gold during the night fell. After the US stock market rose strongly. It was boosted by US news to approve Johnson & Johnson's use of the novel coronavirus vaccine. ISM's manufacturing index in February rose to 60.8, the highest level since Feb 2018. And higher than market expectations of 58.7, SPDR Gold Trust fund sold 9.03 tons of gold for the seventh day.

Tonight, the United States has not announced any significant economic figures. Tomorrow night, the US will announce February ADP private employment, which the market is expected to increase 203,000 jobs after January increased 174,000 jobs. Beige Book)

Spot gold price trend is expected to move within the range of 1,717-1,760 dollars / ounce. We also need to be careful of selling pressure as the technical gold price continues to move in a downtrend. Gold has a significant resistance at $ 1,760 / ounce. While they have support levels at $ 1,717 / oz and $ 1,700 / oz.

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