Association predicts gold hitting 40,000 baht in H2

Bangkok Post

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Corporation: Stock Exchange of Thailand

Association predicts gold hitting 40,000 baht in H2

Domestic gold prices could hit 40,000 baht per baht-weight after the Federal Reserve cuts interest rates later this year, according to the Gold Traders Association (GTA), as the price reached a new high of 37,950 baht on Thursday, approaching the group's previous target of 38,000 baht.