“Gold” morning frame, down 500 baht, market relieved of concerns over Russia-Ukraine war

“Gold” morning frame, down 500 baht, market relieved of concerns over Russia-Ukraine war

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Today (25 Nov 2024), the "Hua Seng Heng" website analyzed the overall movement in the past. Last week, the price of gold rose above 2,700 dollars again from buying gold as a safe asset due to the war situation between Russia and Ukraine, which resulted in missile strikes. Russia has warned that it may use nuclear weapons, causing investors to worry that the situation will escalate even more, even though the dollar is stronger and the US service sector index is better than expected. Meanwhile, the SPDR fund bought 8.04 tons of gold last week.

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