Thai Gold Traders Warn of High Volatility in Early October Amid US Economic Factors
Matichon - Economy
Key summary
Gold traders in Thailand's Yaowarat district anticipate significant price fluctuations for the week of October 26-29, citing four key drivers: US Treasury yield trends and Federal Reserve policy expectations ahead of the October 27-28 meeting, US economic data including PMI and unemployment claims, the approaching November 3 midterm elections, and a recent market assessment suggesting gold prices could move within a range of approximately 3,000 baht per ounce in the short term. On October 24, 2026, official association prices showed a decrease of 250 baht from the previous day, with buy-in rates for 96.5% gold bars at 63,900 baht and sell-out rates at 64,100 baht.
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Official source
Matichon - Economy
Read original ↗https://www.matichon.co.th/economy/news_5946594