Gold Prices Surpass $4,100; YLG Projects Upward Trend for Next Year

Key summary

Today (November 5, 2026), Ms. Pawon Nawawattanasap, CEO of YLG Bullion International Co., Ltd., revealed that global gold prices have risen above $4,100 per troy ounce, driven by the Democratic Party's victory in the U.S. midterm elections, which could potentially ease tensions with Iran and lead to lower oil prices. The decline in U.S. government bond yields has also contributed to increased demand for gold. President Donald Trump acknowledged the Republican Party's defeat and stated that there are no immediate plans to attack Iran. This potential check on power in the U.S. may limit war budgets, helping to curb inflation and put downward pressure on bond yields. Investors should monitor the U.S. employment figures to be released this Friday. The market estimates a 79% probability of the Federal Reserve raising interest rates in December, but is also considering the possibility of a single rate hike. YLG projects a sideways to slightly upward trend for gold prices in the fourth quarter of 2026, before returning to an upward trend in 2027. Short-term support levels are at $4,050–$4,000, while short-term resistance levels are at $4,160–$4,200. In Thailand, the support level for 96.5% gold bars is 64,000–60,750 baht per baht.