Gold price drops, Dollar strengthens as US avoids shutdown

Post Today•Economy•258d ago

Reader Briefing

Gold prices experienced significant volatility, falling by 4,150 Baht due to profit-taking and a strengthening US dollar after a deal was reached to avoid a government shutdown.

•Gold prices dropped by 4,150 Baht on January 30, 2026.
•The US dollar strengthened following an agreement to avoid a government shutdown.
•Analysts cite short-term profit-taking and unusual volatility impacting gold.
•Tensions remain over Trump's threats of tariffs on Canada and oil suppliers to Cuba.

Overview

•On Jan 30, 2026, gold prices adjusted 40 times, with a total decrease of 4,150 Baht compared to the previous day.
•Gold prices are facing short-term profit-taking and high volatility due to the US avoiding a government shutdown, causing the US dollar to strengthen.
•US President Donald Trump announced that Senate Democrats reached an agreement with Republicans and the White House to pass a budget bill.
•YLG Bullion and Futures Company noted that gold is facing short-term profit-taking amidst unusually high volatility.
•Tensions persist regarding 'Trump' threatening tariffs on Canada and countries supplying oil to Cuba.
•Market participants are watching for the new Fed Chairman announcement this evening; media reports suggest 'Trump' may select 'Kevin Warsh'.
•The buy price for gold is 77,250.00 Baht/baht weight, and the sell price is 77,350.00 Baht/baht weight.
•Gold Spot is trading at $5,200.00 per ounce, with support at $5,235 and a trading range between $5,235-$5,098.

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Key Entities

Person

Donald Trump(โดนัลด์ ทรัมป์)ℹ️

President of the United States who made statements impacting the US dollar and trade.

Kevin Warsh(เควิน วอร์ช)ℹ️

Potential candidate for the new Federal Reserve Chairman, named in media reports.

Organization

Gold Trading Association(สมาคมค้าทองคำ)

Organization that announced updated gold prices.

YLG Bullion and Futures Company Limited(บริษัท วายแอลจี บูลเลี่ยน แอนด์ ฟิวเจอร์ส จำกัด)

Company that provided an analysis of gold price movements.

Fed(เฟด)ℹ️

The US central bank, whose new chairman appointment is being monitored.