Gold Price Alert: Volatility Expected, UBS Forecasts $6,200

Prachachat•Economy•267d ago

Reader Briefing

Gold prices experienced a historic drop following record highs, with experts pointing to profit-taking and geopolitical tensions, while some foresee continued rallies.

•MTS GOLD noted a significant historical drop in gold prices due to profit-taking after a rapid ascent.
•Geopolitical tensions, particularly between the US and Iran, and a flight to safe-haven assets are cited as primary drivers.
•UBS forecasts gold prices could reach $6,200 in the first quarter of 2569 B.E. (2026) before potentially settling at $5,900 by year-end.
•El Salvador has increased its gold reserves by $50 million, while continuing its Bitcoin purchases.

Overview

•MTS GOLD warned of extreme volatility and the most severe historical gold price collapse due to profit-taking.
•On January 30, 2569 B.E. (2026), Spot Gold fell 1.3% to $5,330/ounce from a high of $5,594, within the intraday range of $5,109.
•The sharp correction occurred after gold prices surged over 24% in January, driven by geopolitical tensions and safe-haven flows.
•Analysts caution that gold prices are entering an overbought condition, increasing the risk of short-term selling and forced liquidation.
•The market is closely watching Trump's upcoming announcement of the new Fed Chair next week, the US government budget deadline this Friday, and the Producer Price Index (PPI) data tonight.
•UBS analysts revised their forecast for gold prices in the first three quarters of 2569 B.E. (2026) upwards to $6,200.
•JPMorgan suggests gold is increasingly acting as an alternative asset to some debt instruments amid inflation concerns and currency depreciation.
•El Salvador's central bank increased its gold holdings by $50 million, adding to its reserves now exceeding 67,000 ounces.

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Key Quotes

MTS GOLD (Mae Thong Suk)

"Gold has plummeted the most in its history, with prices correcting sharply after reaching new all-time highs."

ทองคำถล่มแรงที่สุด ในประวัติศาสตร์ทอง โดยราคาทองคำปรับฐานแรงหลังทำสถิติสูงสุดใหม่

UBS Analyst

"UBS analysts believe gold prices will still climb to $6,200 in this first quarter."

นักวิเคราะห์ของ UBS เชื่อราคาทองยังไต่ไปถึง 6,200 ดอลลาร์ ในไตรมาสแรกนี้

Key Entities

Organization

MTS GOLD (Mae Thong Suk)(MTS GOLD)

A gold trading company that issued an analysis on gold prices, warning of volatility.

UBSℹ️

An investment bank whose analysts have updated their gold price forecast, predicting a rise to $6,200.

JPMorganℹ️

A financial institution that assessed gold's role as an alternative asset and its potential price movements based on investor allocation.

El Salvador Central Bank(ธนาคารกลางเอลซัลวาดอร์)

The central bank that increased its gold reserves by $50 million and continues to purchase Bitcoin.

Person

Trump(ทรัมป์)ℹ️

The individual expected to announce the new Federal Reserve Chairman next week, a factor watched by the market.

Fed Chair(ประธานเฟด)ℹ️

The position of the new Federal Reserve Chairman, whose announcement is a key market event.

Place

El Salvador(เอลซัลวาดอร์)ℹ️

The country whose central bank has expanded gold reserves and continued Bitcoin acquisition.