Domestic gold prices, which peaked at 34,550 baht per baht-weight during the Chinese New Year, should be on an uptrend again in May when the Federal Reserve is expected to start cutting US interest rates, pushing global prices to US$2,100 per ounce, say traders.
Domestic gold prices have eased by 300 baht from the Lunar New Year peak, as global prices edged down to $2,019, said Jitti Tangsitphakdee, president of the Gold Traders Association.
The…
