Gold bugs push bubble | Bangkok Post: business

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Gold bugs push bubble

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Gold prices could waver from US$1,100 to 1,450 an ounce throughout the year as a result of global factors, says the Gold Research Center. 

The centre said the gold investment outlook improved after the coup, but the price is expected to be highly volatile because of increasing demand in China and Russia in the second half.

However, Kamoltun Pornphaisarnvichit, the centre's director, said for a three-month period gold prices might peak at $1,380-1,400 an ounce, or 21,000 baht per one-baht weight, on the assumption the baht stays at 30.8 to 32 per US dollar.

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