Chinese New Year Revives Gold Market: Globlex-GCAP Eyes 86,000 Baht Target

Executives from Globlex and GCAP Gold predict gold market trends during Chinese New Year, suggesting short-term trading within the 4,800-5,200 dollars per ounce range. Key economic factors include the potential weakening of the Thai baht, US interest rates expected to remain at 3.25-3.50%, and US inflation projected between 2.7-3.0%. GCAP Gold believes the period from Chinese New Year to Q2 is optimal for gradual gold accumulation, with potential price targets ranging from 65,000 to 86,000 baht depending on market conditions.