YLG eyeing gold at $2,850/troy ounce General October 30, 20240 YLG expects gold to reach $2,850/troy ounce, recommends trading with caution, selling for profit when reaching the target. Mrs. Pawan Navawatthanasap, Chief Executive Officer of YLG Bullion International Co., Ltd. (YLG), said that in 2024, the price of gold has continuously reached a new high. Since the beginning of the year, the price of gold has been around 2,000 US dollars per troy ounce. This year, the price of gold has adjusted to more than 750 US dollars per troy ounce, which is considered to be more than the market expected. She believes that in the next 2 months of this year, gold still has a chance to adjust up a little bit. YLG points out that gold has come a long way this year, but there is still a chance to rise to 2,850 US dollars per troy ounce or 45,600 baht per baht of gold if there are sufficient supporting factors, such as the Fed reducing interest rates by more than 0.25%, conflicts in the Middle East, and volatility from the US election. In the short term, the gold trend is seen to fluc tuate, waiting for the results of the Fed meeting and the results of the US election next week. It is recommended to speculate carefully, divide the profits into the zone of 2,800 - 2,850 US dollars per troy ounce and find an opportunity to buy back at 2,724 - 2,708 US dollars per troy ounce. Recommend investors to average the DCA cost. The Get Gold by YLG application meets the investment needs of the new generation who can buy and sell gold in real time 24 hours a day. However, if there are supporting factors that are stronger than the market expects, such as the Fed reducing interest rates in the next round by 0.25%, if the results show that the adjustment is more than expected, it will support gold to reach 2,800 - 2,850 US dollars per troy ounce. In addition, if there are factors of unrest or conflicts in the Middle East that escalate, it will also be a supporting factor for gold to adjust upwards. In addition, the US election next week is a factor that increases the range of fluctuations, causing prices to fluctuate more. While the target price of 96.5% gold bars in the country this year is approximately 44,800 - 45,600 baht per baht of gold. Source: Thai News Agency