Gold Prices Plummet Amidst Global Conflict, Ending Safe Haven Status

The report introduces the significant drop in gold prices globally and in Thailand, questioning gold's safe haven status.

Analysis suggests that the ongoing conflict is negatively impacting gold prices, which are typically considered a safe asset.

CNN's report highlights the Iran conflict's effect on global oil circulation, energy infrastructure, and concerns over prolonged conflict, leading to a sharp decline in gold.

Global gold prices fell 11% this week, the largest weekly drop since 1983, and over 14% since the conflict began.

Traditionally, investors buy gold during times of global unrest to preserve value, but rising oil prices are changing this dynamic.

Rising oil prices are prompting central banks to review interest rate policies, which significantly impacts gold prices, alongside a strengthening dollar.

Thai gold prices experienced a sharp decline of 1,900 baht, with 96.5% purity gold falling below 70,000 baht per baht of gold.

Thai gold prices have been highly volatile, with gold bars dropping 3,600 baht on March 19, 2569, and an additional 650 baht on March 20, 2569.

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