Thai Gold Investors Cash In as Prices Hit Record Highs
Thai gold investors are reaping benefits as gold prices soar, with long-term holders profiting from the upward trend. Experts predict prices could reach 70,000-80,000 baht per baht-weight, making gold an elite asset class. However, smaller investors may face challenges due to high gold prices and bubble mentality.
Gold's rally began around mid-2019, driven by central bank purchases, weaker U.S. data, and global distrust in paper currencies. Goldman Sachs forecasts a surge to $4,000 an ounce by mid-2026, and potentially $4,300 by the end of the year. Prices have already reached a record high of $3,897.50 on October 1, 2025.
The strength of the Thai baht influences domestic gold prices. New buyers are finding it challenging to enter the market due to high gold prices. If 1% of U.S. bond capital flows into gold markets, prices could climb as high as $5,000 an ounce.
Gold prices in Thailand continue to rise, benefiting long-term holders. However, high gold prices may deter new investors. The Thai baht's strength and global economic factors will shape gold's future in the country.
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