Price of Gold Futures today likely depend on gold price in global market

BANGKOK, 28 July 2009 (NNT) – Mr. Khomsan Poramabhut, Senior Deputy Manager for the Securities Analysis Division of the Bualuang Securities (BLS), revealed that price of Gold Futures at Thailand Futures Exchange (TFEX) would move in a narrow range today afternoon in line with gold price in global market.

Mr. Khomsan said trade volume of gold in the global market was relatively mild. Investors are advised to delay their investment as they would find it difficult to speculate on future prices, which are moving in the narrow range.

In cases of investors who would like to make an investment on Gold Futures, the nearest contract month GFQ09 (expiring in August 2009) with the support line at 15,400 baht and resistance line at 15,460 baht is recommended.