Gold trader sees high prices

Published by
The Bangkok Post

Gold prices will remain high throughout 2022 as investors seek refuge from spiralling global inflation, economic impacts from the fast-spreading Omicron variant, and geopolitical conflicts between the US and China, according to YLG Bullion International (YLG). The gold trader recommends investing 5-15% of a portfolio in gold next year to diversify investment risks. Pawan Nawawattanasub, chief executive of YLG, said gold will remain the top safe haven asset for investors next year. She said in the first quarter of 2022, the spot gold price should move within a range of US$1,800-$1,900 an ounce,…

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