Gold Research Center Eyes Fed Policy, Middle East Tensions
Most gold market experts predict price increases in the coming week, with nearly 60% of investors surveyed also expecting gains, as weakening U.S. employment data and Middle East tensions support gold as a safe-haven asset.
The Gold Research Center unveiled results from the GRC Gold Survey on domestic gold price trends for July 6-10, 2025, revealing that most gold market experts maintain a positive outlook. Of the 13 experts surveyed, 46 percent (6 experts) predicted gold prices would rise, while 23 percent (3 experts) expected declines, and 31 percent (4 experts) forecast prices would move similarly to the previous week.
Among 329 gold investors surveyed, 59 percent (195 investors) anticipated price increases, 24 percent (80 investors) expected decreases, and 17 percent (54 investors) predicted stable prices.
Last week, 96.5% purity gold bars traded between 62,800-65,650 baht per baht-weight, closing at 65,550 baht—a 900-baht jump from the previous week's close of 64,650 baht, according to the Goldsmith Association.
Investors should monitor key factors affecting next week's gold prices, including the Federal Reserve's monetary policy direction. Market expectations for interest rate hikes have declined following weaker-than-expected U.S. employment data, causing U.S. Treasury yields and the dollar to weaken—conditions that support gold as a safe-haven asset.
Markets are also tracking U.S.-Iran tensions, particularly peace negotiations and shipping risks in the Strait of Hormuz, which could drive safe-asset demand and support gold prices in the near term.
Investors are awaiting critical U.S. economic data, including the FOMC meeting minutes from June 16-17, 2025, the services PMI, and weekly jobless claims—all crucial indicators for assessing the Fed's policy direction and future gold price trends.
