The gold futures rose above $ 1,900 today. Which is the end of the year 2020 in the midst of light trading Most investors are outside the market. While nearing the holiday season
At 22.50 Thai time, the gold contract in the COMEX market (Commodity Exchange) is delivered in February. Rebounded $ 10.80, or 0.57%, to $ 1,904.20 / ounce.
The price of gold rebounded today. With positive factors from the depreciation of the dollar Which increases the attractiveness of gold By making gold contracts cheaper for holders of other currencies
In addition, the price of gold has hit a 25% record this year, the biggest increase since 2010, with investors flocking to buy gold as a safe haven. Amid the crisis of the COVID-19 epidemic As well as the global government and central banks issued stimulus measures to mitigate the effects of the epidemic.
However, gold prices have risen inferior to silver. That is soaring 48% this year and is the biggest increase in 10 years as well.
Analysts predict that Gold prices will continue in the next year. It will reach $ 1,950 in the first quarter of 2021 as the US continues to use monetary and fiscal stimulus measures. Which will push inflation to rebound While interest rates remained low until 2022.
In addition, the price of gold was driven by the forecast that The US government is led by Mr. Joe Biden that the US President. Will issue massive stimulus measures After taking office on 20 Jan 2021
Investors keep an eye on the Jan. 5, 2021 second-round senatorial election, which will decide whether Democrats or Republicans will dominate the Senate. Which, if Democrats win the election It will allow the party to dominate the White House, Senate and House of Representatives. This will facilitate pushing measures to stimulate the US economy.
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