Gold Price Volatile as Central Banks Meet This Week
Gold prices remain uncertain as central banks from three major economies meet this week, with a majority of Thai investors expecting domestic prices to weaken amid volatility driven by Federal Reserve, Bank of England, and Bank of Japan dec
A Gold Research Center survey from July 27-31 revealed divided expert opinion on gold prices: 38% expect stability, 31% predict a rise, and 31% anticipate a fall. Among 338 investor respondents, 56% expect domestic gold prices to weaken next week as markets await decisions from the Federal Reserve (July 28-29), Bank of England (July 30), and Bank of Japan (July 30-31), along with key US economic reports. Domestic gold bars (96.5% purity) closed the previous week at 64,850 baht per baht-weight, up 800 baht from the week before. The Federal Reserve is expected to hold rates at 3.50–3.75%, the BOE at 3.75%, and the BOJ at 1.00%. Leng Ngam Commodities projects global gold trading between $3,950–$4,160 per ounce.
