MTS Gold Warns Fed Rate Hikes Could Push Gold to 3,600 USD

Thansettakij•Economy•13h ago

Reader Briefing

MTS Gold warns that potential US Federal Reserve interest rate hikes in 2026 could drive gold prices down to 3,600 USD per ounce.

•Kritcharat Hiranyasiri of MTS Gold warns that US Federal Reserve interest rate hikes may cause gold prices to drop.
•Gold prices could fall to 3,800 USD if the Fed raises rates once, and to 3,600 USD if rates are raised twice.
•Bank of Thailand measures have caused online gold trading volume to decrease by nearly 60%.
•The Gold Traders Association is discussing potential new taxes with the government to maintain competitiveness.

•Kritcharat Hiranyasiri stated at the 2026 High-Level Economic Journalists Potential Development Project that gold remains a key asset for wealth preservation and inflation hedging.
•Kritcharat Hiranyasiri warned that leverage tools like Gold Futures can amplify losses, citing a case where a 2% price drop with 10% margin leads to a 20% loss.
•Kritcharat Hiranyasiri noted that central banks have increased gold reserves to reduce reliance on foreign currencies following the Russia-Ukraine war.
•Kritcharat Hiranyasiri assessed that in 2026, gold returns may be negative if Middle East conflicts drive energy prices up and force the US Federal Reserve to raise interest rates.
•Online gold trading volume has decreased by nearly 60% due to Bank of Thailand regulatory measures aimed at currency stability and anti-money laundering.
•The Gold Traders Association expressed concern that additional taxes could drive gold trading businesses toward regional hubs like Singapore and Hong Kong.

Full article content is available on the original source.

Kritcharat Hiranyasiri

"Gold never dies."

ทองคำไม่มีวันตาย

Kritcharat Hiranyasiri(นพ.กฤชรัตน์ หิรัณยศิริ)

Executive Chairman of MTS Gold Group.

MTS Gold Group(กลุ่มบริษัท MTS Gold แม่ทองสุก)

A gold business group led by Kritcharat Hiranyasiri.

US Federal Reserve(ธนาคารกลางสหรัฐ (เฟด))ℹ️

The US central bank whose interest rate policies impact gold prices.

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

The Thai central bank that implemented regulatory measures on gold trading to ensure currency stability and prevent money laundering.

Gold Traders Association(สมาคมค้าทองคำ)

An association discussing potential gold industry taxes with the government.

Singapore(สิงคโปร์)ℹ️

A regional gold trading hub in Asia.

Hong Kong(ฮ่องกง)ℹ️

A regional gold trading hub in Asia.