labels: gold bar
YLG believes China's control over paper gold speculation is paving the way for strong long-term gold prices, with the next resistance level projected at $4,900.
YLG reports that Chinese banks have halted the trading of "paper gold" to reduce financial system risk, impacting short-term volatility and driving demand towards physical gold. This is expected to support prices in the long term, with support seen at $3,960 - $3,800 before a new uptrend tests resistance at $4,400 - $4,900.The Bank of Thailand is poised to regulate the buying and selling of gold bars in-store, limiting cash payments to 1-10 million baht per transaction per gold shop per day.
The Bank of Thailand is seeking public feedback on proposed revisions to the rules for buying and selling gold bars in-store, setting a cash payment limit of 1-10 million baht per day per customer per gold shop. The aim is to enhance transparency and maintain the stability of the Thai baht.Japan is facing a new type of scam where victims are tricked into buying gold bars, resulting in losses of over 1 billion yen in the past year and a half.
Criminals in Japan have shifted their targets from cash to gold bars, tricking victims into buying and delivering gold to the criminals, causing damages exceeding 10,000 billion yen in a year and a half.Comparing gold DRs (Depositary Receipts) to gold bars: which is a better value?
Investing in gold involves more than just direct purchases; investors can also invest through familiar ETFs. However, in Thailand, investors can also invest in gold DRs (Depositary Receipts). Let's look at the differences between investing in gold bars and investing in DRs.World Gold Council reveals "Thailand" has a record of 7th highest in the world, with high demand for gold bars and gold coins, up 17%
World Gold Council reveals "Thailand" has a record high of 7th in the world, with high demand for gold bars and gold coins, up 17% despite high prices, while global demand has reached a new high of 4,974 tons.Gold prices fall after Powell signals slow rate cut despite Trump tariff threat
Gold prices fall after Powell signals slow rate cut despite Trump's threat of tariffs, which could lead to inflationYLG indicates that gold in 68 can continue. Domestic gold bars have a chance to reach 50,000 baht if the baht weakens above 35 baht/dollar.
YLG indicates that gold in 68 can continue. Domestic gold bars have a chance to reach 50,000 baht if the baht weakens above 35 baht/dollar. In the short term, it may rebound after Trump reduces his aggressive stance.LBGTQ+ people invest the most in “gold”
Almost half of Thais like to invest in "gold" including gold bars, jewelry and gold funds, seeing it as a stable asset during times of global economic volatility, especially LBGTQ+.Today's gold price (July 12) opens the market and increases by 250 baht. Gold jewelry prices sell out at 41,650 baht per baht.
Today's gold price (July 12) increased by 250 baht from yesterday's market closing price. The price of gold jewelry is selling out at 41,650.00 baht/ baht of gold.Wells Fargo says Costco sells as much as $200 million in gold bars per month. After opening for sale for only half a year
Wells Fargo estimates Costco sells as much as $100-200 million in gold bars per month. After opening for sale last year Even if sold more expensive than the price of gold in the market
