Natee Chutavarakul, CEO of gold trading company Classic Gold Future, believes that demand will continue to push up the global gold price, which today stands at US$1,718.
Since 2011, he said, the global demand for gold has grown by 36 per cent.
Last year, Classic Gold Future’s trade volume more than doubled, to approximately 16,000 transactions for the whole year.
It peaked in August at 3,700 transactions for the month. Natee expects the trade volume to double again this year.