Gold Prices Fluctuate Amidst Global Economic Uncertainty
Trading Volumes Surge as Investors Seek Safe Haven
Gold prices experienced a volatile trading session today, shifting multiple times throughout the day, according to data released by the Gold Trade Association. The fluctuations reflect ongoing investor anxieties surrounding global economic conditions and geopolitical instability.
Price Movements Throughout the Day
The price of a golden bar saw varied movement during the day’s trading. Buying prices ranged from 51,450.00 to 51,800.00 baht, while selling prices fluctuated between 50,422.16 and 52,600.00 baht. Changes throughout the day varied from a gain of 250 baht to a loss of 100 baht.
Specifically, at various points during the day, the price for the first type of golden bar was 51,700.00 baht for buying and 51,800.00 baht for selling. The buying price for the second type dipped to 51,650.00 baht, while the selling price reached 51,750.00 baht.
Later in the session, prices for the first type remained steady at 51,700.00 baht and 51,800.00 baht, while the second type saw a slight decrease to 51,650.00 baht and 51,750.00 baht respectively. Towards the end of the day, the price of the first type of golden bar was 51,550.00 baht for buying and 51,650.00 baht for selling.
Global Economic Context
The price of gold is often seen as a safe haven asset during times of economic uncertainty. According to the World Gold Council, global gold demand reached 1,234 tonnes in the first quarter of 2025, the highest level since the fourth quarter of 2022. World Gold Council Q1 2025 Demand Trends This surge in demand is likely linked to ongoing concerns about inflation and potential recessions in major economies.
Further Fluctuations Expected
Analysts predict continued volatility in the gold market in the coming weeks, driven by factors such as interest rate decisions by central banks and evolving geopolitical risks. Investors are advised to monitor market developments closely and consider their risk tolerance before making any investment decisions.
