Gold Prices Expected to Soar to $2,690/ounce Amid Rising Geopolitical Tensions

Gold prices continue to be a trend that investors are always interested in. in May Analyst stillPredictionthat prices will continue to rise due to international conflicts in the Middle East It is expected to reach 2,690 US dollars / ounce. As of this April, the international gold price reached its highest level at around 2,430 US dollars/ounce. As for the price of gold in Thailand, it has reached 42,000 baht per 1 baht of gold (last on April 27, the price was 2,338 US dollars / ounce).

Factors that make it expected that prices will continue to rise include:

• Constantly high inflation Although you start to relax This creates a demand for gold as a hedge.
• Central banks buy more gold with different banks The world is trying to diversify away from the US dollar.
• geopolitical tensions (Geopolitical) such as the ongoing conflict between Israel and Palestine. This tends to make the price of gold a safe haven asset.
• Possible interest rate cuts by the Federal Reserve This makes non-yielding assets such as gold more attractive.

*However, investing in gold is risky. Investors should check information before investing every time.

–KBank Private Banking identifies investment opportunities for wealth and sustainability through 3 sustainability funds K-PLANET, K-TNZ-ThaiESG and K-CHANGE.