Gold, a traditional safe haven asset, experienced its worst week in over 40 years despite ongoing conflicts in the Middle East. The price dropped significantly due to rising inflation, energy price shocks, and central banks maintaining high interest rates. This unexpected trend has led to forced selling and a shift towards assets offering yield, causing the decline in gold’s appeal. Thailand, a gold-conscious country, saw rapid price changes and volatility in the market. While the future of gold’s bull run is uncertain, experts predict potential recovery if global conditions change. Overall, the environment surrounding gold has shifted, impacting its performance.
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