Analyze what causes the gold price to go up and down

Anyone who tries to keep track of the price of gold will notice that the price of gold will always rise and fall daily. For example, on April 1, 2024, a report from the Hua Seng Heng website revealed that domestic gold bar prices have risen sharply. Last week, it reached a new high of THB 38,550, which increased by 14.56% from the beginning of the year.
Today’s gold price on April 2, 2024, has increased by 100 baht, and the price of gold bars is 39,000 baht per baht.
Have you ever wondered what causes gold prices to rise and fall daily? Today, ACU PAY will solve the question of the factors that cause gold prices to go up and down.

Compare Today’s Gold Price and 10 Years Ago’s Gold Price

Nowadays, Gold is at a very high value which is 30,000 baht per Baht but in the past gold price was around 10 thousands baht per baht. Let’s observe what factors caused the gold price to be higher than before and the price of gold 10 years ago compared to today’s. Also, a tendency of gold prices in the future. Let’s start.