Year 2021, ‘Gold’ win a new record!

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‘2 Guru’ criticizes the direction of ‘Gold’ Year 2021 has a chance to break through the original New High at 30,400 baht! It is a single asset, investment inflows have not yet made a ‘high’ last year, ‘3 factors’ supporting ‘stimulus-low interest-soft dollar’ but short-term ‘pressure’ from strong baht.

soon ! after ‘Pfizer Inc. Which is the largest US pharmaceutical company and ‘BioNTech’ Which is a German pharmaceutical company Announces results of COVID-19 vaccine trial It is more than 90% effective in preventing COVID-19. Go out around the globe The first reaction resulted in the movement of investments in the market. ‘Safe assets or ‘Safe Haven’ Another big time …

‘Covid-19 vaccine’ Good news, high risk assets ‘Stock market’ butBad news, absolutely safe assets ‘gold’ Reflected through the global gold price ‘Big volatility ‘ After investors sold gold for one day (12 Nov 2020), the price of gold dropped 110 dollars an ounce. While in the Thai market, gold prices open, the market drops 1,200 baht per baht gold. From last July By 2020, the price of gold in the world market will rise. ‘Highest Statistics’ (All Time High) The new record is $ 2,075 an ounce.

The price of gold in Thailand jumped to a record high of 30,400 baht per baht gold!

Cross over to ‘Global stock markets’ COVID-19 vaccine Like yourself ‘Unlock ‘ Build investor confidence in line with the index SET INDEX Up more than 1,500 points (5 Jan 2021), while the CSI 300 index, which is an important index of the Chinese stock market. Which on January 5, 2021 has set a new record The increase of the Chinese stock index is considered. ‘Highest in 13 years’ While the Dow Jones Index soared above 31,000 for the first time.

In 2021, what will the gold price direction be? Investors began to worry about how far the gold price could go. And if there is a vaccine against COVID-19 ‘Pressure ‘ Gold price or not listen to views ‘Gold market guru ‘

‘Natthaphong Hiranyasiri’ Chief Executive MTS Gold Group, Mae Thongsuk Tell ‘Bangkok Business BizWeek’ that the year 2021 gold is a trend. ‘Legs up ‘ Echo through ‘Return ‘(return) Since the beginning of the year – now (January 5), the average rose 3% despite the presence of the COVID-19 vaccine. Started to spread out in many countries But see that the gold price that continues to rise It comes from a large sum of money from the quantitative easing (QE) of various central banks. In addition, governments around the world are likely to implement additional fiscal stimulus measures.

Therefore, the market has a very high level of money. Money has to find a source of return, with large amounts of money currently flowing into stock markets around the world. But not much money has entered the gold market This is reflected in the fact that gold prices have not yet reached their 2020 highs, while the high market liquidity predicts that inflation is likely to rise. Which leads to currency depreciation This will help create a long-term positive environment for gold prices.

So have a chance to see the price of gold making ‘Highest Statistics’ (All Time High) New again this year From the positive factors that investors await policy ‘Joe Biden President of the united states And measures to inject money into another This is a factor supporting gold to rise this year after 2020, the overall picture of the economy is very traumatized. From the impact of COVID-19

But in the short term, the average gold price is 28,000 baht, due to the current gold price is cheap. ‘Pressure ‘ From the baht appreciation While this year’s yield may not be the same as 2020, the average gold yield is 25%, during which gold prices have risen to the highest 30%, the latest estimate of the baht framework is 29.95-30.15 baht per dollar. By Friday, the baht was at 30.07 baht per dollar.

However, liquidity in the system continues to increase. The condition has fueled expectations that inflation is likely to rise. Leading to currency depreciation And the lowest interest rate record This will help create a long-term positive environment for gold prices.

‘Although this year’s gold price is an uptrend But the price is not as noticeable as in the previous year Because the nature of the gold price is like chaos Next year there are many signs that the global economy will be stable. Especially to change US leaders That will reduce the tide of conflict compared to the previous leader.

‘Phawan Navawattanasap’ Chief Executive Officer YLG Bullion International Company Limited (YLG) Said that in the long term, the price of gold is ‘Legs up ‘ Reflected through the end of last year ‘SPDR ‘Fund Has returned to buy gold into the port again It is a good signal for the gold market in the future. Compared to the beginning of October – November 2020 Gold price dropped heavily. This is because SPDR funds have gradually sold out some of their gold.

Phawan Navawattanasap

However, since the beginning of 2021, the price of gold has risen from 2 factors: First COVID-19 outbreak That still have more infected people Affect the overall economy of the world Causing the need to have the latest fiscal stimulus measures ‘Donald Trump ‘ The President has signed a new round of fiscal stimulus worth $ 9 billion. Including it is expected that the government of ‘Joe Biden Should also issue a third round of stimulus measures as well

Second Comes from the US dollar depreciates As the pound strengthened after Britain and the EU were able to agree on a trade measure from BREXIT, as well as the issuance of the US fiscal stimulus, inflation expectations rose. And gold is a good alternative to hedging against inflation.

In 2020, the dollar fell 7%, resulting in a 25% increase in gold prices this year. International analysts have also predicted that the US dollar will continue to depreciate. Which is a positive factor for gold Moreover, many central banks have cut their dollar holdings. And turned to hold more currencies, including gold. As for the longer term, gold will continue to rise for another 1-2 years as interest rates will remain low until 2023.

For the direction of the movement of gold prices during this period, although the direction is uptrend. But there may be a profitable sale at some point Which investors can gradually enter and accumulate But focus on making short-term profits around Recommend to keep an eye on key resistance around 1,965 dollars an ounce.

If passable, it increases the chances of the price hitting US $ 2,000 an ounce. Hedging investors can buy when the support is $ 1,921 per ounce. By setting a stop loss in the area of ​​$ 1,907 an ounce.

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