GCAP Forecasts Gold Price Upward Trend to 77,000 Baht

MGR Online•Economy•13h ago

Reader Briefing

GCAP analyst predicts a continued upward trend for gold prices through the end of the year with a target of 77,000 Thai Baht.

•Gold prices reached an all-time high of 5,600 USD/ounce or 82,000 Thai Baht since the beginning of 2026.
•Areerat Murachai of GCAP forecasts year-end gold prices between 4,900-5,000 USD/ounce or approximately 77,000 Thai Baht.
•A key support level to watch following the Federal Reserve meeting is 4,200 USD/ounce (65,000 Thai Baht).
•The possibility of Thai gold reaching 100,000 Baht exists but will depend on Federal Reserve interest rates and requires time.

•Since the beginning of 2026, gold prices have been volatile, peaking at 5,600 USD/ounce before dropping to a low of 4,392 USD/ounce.
•Gold prices rose to 4,700 USD/ounce in August but faced downward pressure in September as conflict flared up and caused inflation to spike.
•Areerat Murachai from GCAP views the gold price direction from now until the end of the year as a Sideway Up trend.
•Areerat Murachai sets the year-end target at 4,900-5,000 USD/ounce or approximately 77,000 Thai Baht.
•Market observers must monitor the 4,200 USD/ounce support level following tomorrow's Federal Reserve meeting.
•If gold prices stay above 4,500-4,700 USD/ounce (approximately 70,000 Thai Baht) by year-end, the target for next year is 5,000-5,200 USD/ounce.
•Areerat Murachai states that while Thai gold reaching 100,000 Baht is possible, it will not happen soon and depends on Federal Reserve interest rates.

Full article content is available on the original source.

Areerat Murachai(อารีรัตน์ มุราชัย)

Head of the analyst team from GCAP.

GCAP(บจ.จีแคป (GCAP))

A company whose analyst team provides gold price forecasts.

Federal Reserve(ธนาคารกลางสหรัฐ(เฟด))ℹ️

The central bank of the United States whose meetings and interest rates influence gold prices.

Middle East(ตะวันออกกลาง)ℹ️

A region where war has contributed to gold price volatility.