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Traders see gold hitting $3,800 an ounce

Bangkok Post LogoBangkok Post8h ago

Traders see gold hitting $3,800 an ounce - Bangkok Post

Quick Summary:

Gold prices are on track to hit US$3,800 per ounce later this year amid mounting fears of a global economic slowdown, due partly to the unpredictable trade policies of US President Donald Trump, according  to local traders.

The firm forecasts gold reaching $3,700 by year-end before hitting $4,000 by mid-2026, citing concerns over Fed independence and shifts in US reserve policy.

The rising use of China’s yuan in global transactions could further destabilise the dollar and lift demand for gold.

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 17:48:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 593 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 28437132

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About Bangkok Post

Bangkok Post Logo

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 21 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 7 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

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The story "Traders see gold hitting $3,800 an ounce" was covered 8 hours ago by Bangkok Post, a news publisher based in Thailand.

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Bangkok Post is a fully independent (privately-owned) news outlet established in 1946 that covers mostly economy and business news.

The outlet is headquartered in Thailand and publishes an average of 21 news stories per day.

It's most recent story was published 7 hours ago.

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  • URL: https://marketchangers.beamstart.com/news/traders-see-gold-hitting-3800-17465297565558

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