YLG Forecasts Thai Gold to Reach 77,000 Baht by Year-End
YLG forecasts global gold to reach $4,900‑$5,000 per troy ounce by end‑2026, which could lift Thai gold prices to 77,000 baht per baht gold. The outlook is supported by foreign financial institutions’ bullish views despite short‑term volatility from oil, inflation and Fed rates, with falling US bond yields adding upward pressure. Historical data shows gold has risen in every fourth quarter over the past five years.
YLG said foreign financial institutions still see gold rising in Q4 despite volatility from oil prices, inflation, and Fed rate direction, citing five‑year data showing gains every Q4 and forecasting world gold to hit $4,900‑$5,000 per troy ounce by end‑2026, which could push Thai gold to 77,000 baht per baht gold. On 12 Oct 2026, YLG CEO Pannawan Nawawatthansap said early Q4 gold traded sideways and slightly down, but a survey showed institutions remain bullish for the final quarter, noting supportive factors such as falling US bond yields after strong demand in Treasury auctions, with Bid‑to‑Cover ratios for 10‑year and 30‑year bonds above their six‑month averages. Institutional investors continue to treat gold as a safe‑haven asset, so many banks keep high targets: Goldman Sachs sees a $4,500‑$4,900 range and remains bullish; J.P. Morgan lowered its Q4 outlook to $4,500‑$4,600 but stays positive; Bank of America projects a yearly average of $4,000‑$4,490, citing short‑term oil‑price risks but a long‑term up‑trend; Deutsche Bank raised its year‑end average to $4,450. All expect short‑term volatility from oil, dollar movements, and rate shifts, but agree the long‑term trend is upward. Historical data shows gold rose in every fourth quarter from 2021 to 2025: Q4/2021 +3.67% breaking $1,800; Q4/2022 +9.84% after an October low; Q4/2023 +11.60% to a new high above $2,000; Q4/2024 posted gains (figure cut off in source).
