"Jitti" expects the price of gold to exceed $1,800 next year.

The president of the Gold Traders Association sees the price of gold to exceed $1800 an ounce next year. In the new year, purchasing power is expected to shrink. He grabs sales at 50% off.

Mr. Jitti Tangsitpakdee President of the Gold Dealers Association This was revealed to the INN news agency The price of gold in 2023 is expected to improve compared to this year, reaching $1,800 an ounce. due to the purchasing power of investors who returned after the COVID-19 outbreak more relaxed, making trade, investment and the country’s openness to tourism return to full thrift Including the direction of the US dollar tends to appreciate. Together with the direction of the appreciation of the baht it will return to the normal level of 31-32 baht to the US dollar. It can be considered that the direction of the gold price next year will rebound and be better priced than this year. Including the current average price of $1,790, that will definitely have a chance to move.

As for the trend of the gold trade at the end of the year or in this new year it will not be active because people’s purchasing power has not fully returned Because Thailand itself has had flood problems in the past, with resulting in a decrease in purchasing power and an impact on sales of over 50%.