Global Crisis Sparks Gold Rally Towards 79,000 Baht Target

Thansettakij•Economy•268d ago

Reader Briefing

Geopolitical and economic uncertainties are driving gold prices higher, with a target of 79,000 Thai Baht per unit.

•Global tensions, including trade war fears and Middle East conflicts, are increasing demand for safe-haven assets like gold.
•US political instability, such as a potential government shutdown, is also contributing to a weaker dollar and boosting gold.
•Analysts recommend buying gold on dips, with key support levels identified at around $5,100/5,000 per ounce (74,500/73,300 Thai Baht).

•Global risks, including trade wars and geopolitical tensions, are increasing, leading investors to seek safe-haven assets.
•Increased demand for gold is driving prices higher, with a target of approximately 79,000 Thai Baht per unit.
•President Trump's hawkish trade stance, including threats of increased tariffs on South Korean imports from 15% to 25%, fuels trade war fears.
•President Trump's expressed lack of concern over dollar depreciation is interpreted as acceptance of a weaker dollar, prompting a shift from dollar holdings.
•The potential for a US government shutdown over budget disputes, with a deadline of January 30th, adds to political instability.
•Heightened political conflict in the US could erode confidence in the dollar and fiscal policies, increasing gold's appeal.
•Escalating tensions in the Middle East, with the US deploying naval forces to pressure Iran, raise the possibility of conflict.
•A potential military clash in the Middle East could impact energy markets globally and solidify gold's role as a safe haven.

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President Trump(ประธานาธิบดีทรัมป์)ℹ️

President of the United States whose trade and economic policies are influencing global markets and gold prices.

South Korea(เกาหลีใต้)ℹ️

Nation facing potential US tariff increases, contributing to trade war concerns.

United States(สหรัฐฯ)ℹ️

Country experiencing political instability and whose economic policies are impacting global markets.

Iran(อิหร่าน)ℹ️

Nation under increased US pressure in the Middle East, raising concerns of potential military action.

Democrats(เดโมแครต)ℹ️

Political party in the US that is threatening to block budget legislation, contributing to potential government shutdowns.

Department of Homeland Security(กระทรวงความมั่นคงแห่งมาตุภูมิ)ℹ️

US government department whose budget is a point of contention in potential government shutdown negotiations.