YLG gold bars on display. Gold prices are expected to move in a range of $1,800-1,950 an ounce this month, according to YLG Bullion & Futures. Gold traders estimate gold prices will increase no matter which candidate wins the US presidential election, as the US central bank is expected to continue its aggressive monetary stimulus programme regardless of the victor.
MTS Gold Futures managing director Nuttapong Hirunyasiri said US political factors will support a gold price rise in the fourth quarter. Unlimited quantitative easing (QE) will weaken the US dollar in the long run, thus increasing the price of gold.
Market watchers should also keep an eye on the outcome of the US election today. If Donald Trump wins, stocks worldwide will increase because global trade policy will remain unchanged, he said. If Joe Biden wins, Chinese and Asian stocks will rise in hopes of global trade policy easing.
If neither Mr […]
Click here to view original web page at www.bangkokpost.com
Posting Guidelines
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do take our Terms of Use seriously
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content
Get involved!
Get Connected!
Come and join our community. Expand your network and get to know new people!
Comments