Mrs. Pawan Navawatthanasup, Chief Executive Officer of YLG Bullion International Company Limited (YLG), revealed that the price movement trendgoldWords at the beginning of the month March will remain in the same direction as the end of February, although it gained momentum after the Federal Reserve’s chairman issued a statement indicating the Fed will pursue a monetary easing policy to support it. The next economy Because the economy is still highly uncertain It takes time to recover. Which is considered a supporting factorgold Moreover, the current inflation rate is not of concern. The Fed is not in a hurry to raise interest rates.Gold priceWords started to rebound.
However, there are still negative factors affectingGold priceIn this phase there is progress in the distribution of vaccines. As a result, the Fed has a more positive view on the economy. This point hides the price increase.goldAlso in terms of the US dollar that began to appreciate against the euro. Pressured by the less widespread distribution of vaccines in the EU than in other regions, the euro was affected. Also fundsgoldWords like SPDR are still selling.goldContinuously
In addition, it was found that the technical signal of the word in the medium term is still a sideway down. Gold priceWords dropped to a seven-month low of $ 1,760 an ounce. It has since recovered to US $ 1,816 an ounce. After that, he moved stabilized in a narrow frame.
Therefore, for advice to investors with gold on hand, ifGold priceDuring this period it failed to pass US $ 1,816 per ounce. Be careful, gold may be corrected again. Investors should divide and sell to make profits. But if the price of gold can pass 1,816 US dollars an ounce It has a chance to go further at 1,827-1,841 US dollars per ounce. Investors who wish to buy must also focus on buying in the short term when the price is weakening, test the support area of US $ 1,779-1,760 per ounce only and should not buy more gold than the accepted risk and cut the loss if The price is not as expected.
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