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Tuesday, May 14, 2024

Bangkok Post – Gold price on course to hit record high

YLG Corp expects the global gold price to continue to increase, reaching a new record high of $2,300 per troy ounce this year.

The global gold price is expected to hit a new high of US$2,300 per troy ounce this year because of the possibility of US Federal Reserve policy rate cuts, surging inflation and geopolitics risks.

Some investors view gold as a safe-haven asset because of the likelihood of a Fed rate cut in the second quarter of this year, amid persistent high…

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