Gold Traders Association Predicts Volatile Gold Prices H2 2026

Matichon•Economy•2d ago

Reader Briefing

Jitti Tangsitpakdee of the Gold Traders Association predicts volatile gold prices in the second half of 2026 but believes they will remain above 60,000 baht.

•Jitti Tangsitpakdee forecasts gold price volatility in the second half of 2026 due to Middle East conflicts, oil prices, and inflation.
•Jitti Tangsitpakdee disagrees with the assessment that gold prices will drop below 60,000 baht, suggesting they likely will not fall below 62,000 baht.
•The Gold Traders Association is monitoring MTS Gold's filing with the SEC regarding the first gold bullion digital token offering in Thailand.
•Gold bullion closing prices on July 18, 2026, were 63,850 baht for buying and 64,050 baht for selling.

Overview

•Jitti Tangsitpakdee stated that gold prices in the second half of 2026 will be volatile due to Middle East wars, oil prices, and inflation directions.
•Jitti Tangsitpakdee noted that if inflation increases, the market may fear the Federal Reserve will raise interest rates, pressuring short-term gold prices.
•Jitti Tangsitpakdee advised short-term investors to be cautious and long-term investors with idle money to accumulate gold during price dips.
•Jitti Tangsitpakdee expressed the view that gold prices are unlikely to fall below 60,000 baht, contradicting an assessment by Kritcharat Hiranyasiri.
•Jitti Tangsitpakdee identified international conflict situations as a key factor to monitor due to current uncertainty caused by alternating attacks and pauses.
•The Gold Traders Association is monitoring details of a digital token offering filed by MTS Gold with the Securities and Exchange Commission.
•The Gold Traders Association reported gold bullion closing prices on July 18, 2026, as 63,850 baht for buying and 64,050 baht for selling.

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Key Quotes

Jitti Tangsitpakdee

"Short-term investors must be cautious and may need to wait for the situation to be clearer; gold prices have the chance to swing up or down."

นักลงทุนระยะสั้นต้องระมัดระวัง อาจต้องรอให้สถานการณ์ชัดเจนกว่านี้ ราคาทองมีโอกาสแกว่งตัวขึ้นหรือลง

Jitti Tangsitpakdee

"Below 60,000 baht, I think is unlikely to happen; it is difficult. If it adjusts down, it should not be much and likely not below 62,000 baht."

ต่ำกว่า 60,000 บาท คิดว่ายังไม่น่าจะเกิดขึ้น เป็นไปได้ยาก หากปรับตัวลงน่าจะลงไม่มาก และไม่น่าจะต่ำกว่า 62,000 บาท

Key Entities

Person

Jitti Tangsitpakdee(จิตติ ตั้งสิทธิ์ภักดี)

President of the Gold Traders Association.

Kritcharat Hiranyasiri(กฤชรัตน์ หิรัณยศิริ)

Executive Chairman of MTS Gold Ma Thong Sook.

Organization

Gold Traders Association(สมาคมค้าทองคำ)

An association that announces gold prices and monitors gold-related digital tokens.

Federal Reserve(ธนาคารกลางสหรัฐ)ℹ️

The central bank of the United States whose interest rate decisions affect gold prices.

MTS Gold Ma Thong Sook(เอ็มทีเอส โกลด์ แม่ทองสุก)

A company that filed for the sale of gold bullion-related digital tokens.

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

The agency to which MTS Gold submitted its filing for digital token offerings.

Place

Middle East(ตะวันออกกลาง)ℹ️

A region where wars are cited as a factor causing gold price volatility.