Shocking Gold Market! Gold Prices Plummet by 1,200 Baht per Gram

The Gold Traders Association reported gold prices on January 31st at 09:23 AM, with global gold prices dropping to $4,950 per ounce. This led to an immediate decline in domestic gold prices. Gold bar prices fell by 1,200 baht per gram, settling at 74,200 baht, while gold ornaments dropped by 2,000 baht per gram to 75,000 baht. The price drop comes amid concerns about potential risks, including the possibility of another US Government Shutdown, the "Sell America" trend causing heavy dollar selling, and geopolitical tensions. Uncertainties surrounding US President Donald Trump's policies, ongoing conflicts between the US and Iran, and unresolved issues with Finland and Venezuela have contributed to continued high global demand for gold from investors and banks worldwide.