Gold prices are predicted to reach record highs of $2,300 per ounce and over 40,000 baht per baht weight in 2024, due to unfavorable global economic conditions, according to MTS Gold. Factors such as falling interest rates, a weakening dollar, and geopolitical conflicts could contribute to the surge in gold prices.
The Federal Reserve’s decision to cut rates and the outcome of the US presidential election in 2024 may further impact gold price trends. However, potential risks include strong US inflation and the performance of the US economy. Domestic gold prices in Thailand are also expected to rise by 11% this year.
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