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Chinese New Year Boosts Gold Market: Globlex-GCAP Sets 86,000 Baht Target

Chinese New Year Boosts Gold Market: Globlex-GCAP Sets 86,000 Baht Target

Khaosod•Economy•11h ago

Reader Briefing

Gold prices saw significant fluctuations on February 4, 2026, driven by Chinese New Year optimism and expert forecasts of a potential 86,000 baht target.

  • •Gold prices surged by 2,200 baht on the morning of February 4, 2026.
  • •Globlex-GCAP analysts predict gold prices could reach 86,000 baht.
  • •Short-term trading recommendations are within the $4,800-5,200 per ounce range.

Overview

  • •On February 4, 2026, gold prices experienced volatility, with a morning surge of 2,200 baht.
  • •The Chinese New Year festival is stimulating the gold market.
  • •Globlex-GCAP analysts project a significant price target of 86,000 baht for Thai gold.
  • •Short-term investment advice suggests trading within the $4,800-5,200 per ounce range.
  • •The Thai baht's expected depreciation due to the Bank of Thailand's online gold trading controls is a positive factor for Thai gold prices.
  • •US interest rates are anticipated to remain stable at 3.25-3.50%, with a projected 2.25% reduction mid-year.
  • •US inflation is forecast to be between 2.7-3.0%, exceeding the 2% target due to trade taxes and increased agricultural costs.
  • •GCAP GOLD views the period from Chinese New Year to Q2 as an optimal time for accumulating gold.

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Key Quotes

Sunee Rungsaensermsri (GCAP GOLD)
"GCAP GOLD believes that gold prices from Chinese New Year until the second quarter are an opportune time to gradually accumulate."
GCAP GOLD เชื่อว่าราคาทองตั้งแต่ช่วงตรุษจีนไปจนถึงไตรมาส 2 เป็นจังหวะที่เหมาะสมในการทยอยเก็บสะสม

Key Entities

Organization

Globlex-GCAP
A financial analysis firm providing market outlooks for gold, particularly in the context of Chinese New Year.
GCAP GOLD
An entity associated with Globlex-GCAP, offering investment advice and price projections for the gold market.
Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️
The central bank of Thailand, mentioned in relation to measures affecting online gold trading and the Thai baht.
Fed(เฟด)ℹ️
Refers to the U.S. Federal Reserve, whose monetary policy decisions (interest rates, quantitative easing) are considered influential on gold prices.