January 19, 2009
Bangkok (ASTV Manager Online) – Gold price is likely to reach 1,033 US dollars this year while Gold Futures is a new investment alternative for investors.
Although the Gold Futures offers 100 percent return on investment, it has high risk, according to Kritchrat Hiratchsiri, deputy secretary-general of the Gold Traders Association of Thailand.
Kritchrat revealed it was gold upturn this year since economic slowdown continued, adding that this year was the golden year of gold price in fifty years.
However, investors were warned to allocate their investments so as to reduce risk.
It is unpredictable that oil price would drop from 147 to 40 US dollars.
Gold prices went up despite falling oil prices. Kritchrat said hedge funds would invest more in gold because of the low interest rates.
Last year, the lowest gold price was at 700 US dollars while the highest price at 1,030 US dollars.
The good point of advance gold trading is that investors do not have to carry cash to buy gold.
