Global gold prices surged 9% in 20 days at the start of 69, with YLG suggesting a potential for a $5,000 price tag.

YLG reports that global gold prices in January 2569 surged past $4,700, with Thai gold reaching a new high of 69,300 baht. This was driven by the "Trump" conflict over Greenland and the risks of a trade war, with a potential for prices to reach $5,000.

January 20, 2569 Ms. Thipa Nawawatthanathap, Chief Executive Officer, YLG Bullion and Futures Co., Ltd. (YLG) It has been revealed that from the beginning of 2569 until today (January 20, 2569), the price of gold in the global market (Gold Spot) has surged past $4,700 per ounce, an increase of more than 9% from the opening price at the beginning of the year, which was approximately $4,321 per ounce.

The price increase to this level in just 20 days is considered faster than expected, and it has also created a gap every Monday in response to the tensions that arose during the weekend. However, in the case of Thai gold (96.5% gold bars), from the beginning of the year until today (January 20, 2569), the price has reached a new high of 69,300 baht per baht of gold, or an increase of almost 7%.

The factors that have driven the rapid rise in gold prices stem from three main areas:

1. Trump wages war over Greenland and faces the risk of a US-EU trade war.

Following President Donald Trump's threat to impose import tariffs of 10-25% on eight European countries for blocking the US purchase of Greenland, European leaders are holding an emergency meeting, creating regional tensions. This has caused investor concern and led them to buy gold as a safe haven asset. Trump has stated that while he emphasizes diplomatic negotiations, he has not ruled out military takeover.

2. The dollar weakens & the Fed signals interest rate cuts.

The US dollar index (DXY) plummeted abruptly amid market concerns that the Federal Reserve (Fed) may need to cut interest rates more than the single cut shown in the Dot Plot this year. This follows several changes within the Fed, particularly the departure of Chairman Powell in May. Furthermore, speculation is emerging that the Fed may need to cut interest rates to counter the trade war ignited by Trump, and there is also the risk of needing to curb the acceleration of rising US bond yields if US government bonds are sold off by European countries should the conflict escalate.

3. Central banks around the world are stockpiling gold.

Many central banks, especially those in China and Russia, continue to shift funds away from the US dollar under their de-dollarization policies and into gold reserves to hedge against political uncertainty in the United States. This massive buying from central banks worldwide is another key factor driving the sharp rise in gold prices.

According to a survey by YLG, most international financial institutions have set target prices for gold in the range of $4,900-$5,000 per ounce and above. This includes JP Morgan at $5,055 per ounce, Goldman Sachs at $4,900 per ounce, UBS at $5,000-$5,400 per ounce, Bank of America at $5,000 per ounce, and Citi at $5,000-$6,000 per ounce.

For investors looking to invest in gold, YLG recommends a dollar-cost averaging (DCA) strategy for long-term holding, while also considering short-term investments. A key support level to watch is $4,660 per ounce, while short-term resistance is estimated at $4,720 – $4,750 per ounce. Furthermore, YLG forecasts that gold has the potential to reach a target range of $4,900 – $5,000 per ounce this year.

In addition, YLG recommends futures investment products as an alternative during periods of high gold prices, as they require only 10% of the gold price as initial investment and can generate profits in all market conditions. Recently, YLG launched a special promotion offering up to 80% discount on gold and TFEX stock trading commissions, making it easier for investors to start. Commission fees are reduced from the first contract with no minimum. The reduced commission rates include: SET50 Index Futures at only 15 baht (from 77.6 baht), Gold Online Futures at 40 baht per contract (from 178 baht), Block Trade at 0.07% (from 0.1%), and Currency Futures at 5 baht (from 10.10 baht). Investors can open an online account quickly and easily through the E-Open Account system without any NDID verification fees, and deposit and withdrawal services are available through the Streaming app, supporting real-time deposits with instant credit. With withdrawals processed within a single day, YLG Futures enhances trading capabilities with a comprehensive set of tools, including TFEX Combo (Auto Position, Combination Order) and Robot Trade, all compatible with the Settrade Open API. This caters to investors seeking flexibility. Furthermore, a dedicated support team is available 24/7, ensuring investors can confidently generate profits day and night.

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