Gold prices are expected to reach new highs of US$2,300 an ounce and more than 40,000 baht per baht weight in 2024 amid unfavourable global economic conditions, says local trader MTS Gold.
As interest rates are expected to fall and the dollar weaken, there is an opportunity for gold, known as a safe-haven asset, to soar in 2024, said Kritcharat Hiranyasiri, president of MTS Gold.
“The dollar has been depreciating as the market expects the interest rate hike cycle to end and several central banks around the world are waiting for the right…
