Traders point to speculative opportunity for gold buyersGold bars on display at a Hua Seng Heng shop. On top of the coronavirus epidemic, US politics is set to influence gold price movements. A continuous gold price rally is possible given that China's first-quarter GDP growth is subdued, Mr Tanarat said. Kritcharat Hirunyasiri, chairman of MTS Gold Futures, said the weak baht is among factors prompting local gold prices to spike, with investors gradually embarking on a profit-taking strategy. "With the same amount of money, people can buy more through gold futures," Mr Kritcharat said.

Source: Bangkok Post February 13, 2020 23:26 UTC