Hua Seng Heng Sets Gold Price Target at 88,000 Baht for This Year

Hua Seng Heng is closely tracking the global gold market following the appointment of a hawkish Federal Reserve chairman, contrary to previous market views on interest rate directions. On February 3, 2026, Hua Seng Heng, a gold trading and investment company, revealed that the global financial market experienced significant turbulence after Donald Trump nominated Kevin Warsh as the new Federal Reserve chairman, replacing Jerome Powell whose term ends in May this year. This led to a nearly 10% drop in gold prices within a single day, amid a rising dollar based on hawkish policy expectations. Gold investors must now focus on the new balance between the Fed's independence and political pressures, while Hua Seng Heng still targets a maximum global gold price of 6,000 dollars per ounce this year.