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Gold Soars! Eyes on the $5,000/oz Target." "Q1/2026: Gold Surges to a New All-Time High" By SO OK TRADING

Last updated: 19 Jan 2026
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Gold Prices Surge to Record Highs in Q1/2026

On January 19, 2026, domestic gold prices in Thailand soared by 500 THB, setting a new all-time high. Gold bullion (96.5%) is selling at 68,950 THB, while gold jewelry has surpassed 69,750 THB. Meanwhile, global gold prices (Gold Spot) climbed above $4,655/oz, reaching $4,700/oz at 10:15 AM, marking a Daily All-Time High and confirming the global market’s entry into a Structural Bull Market.

Market Overview & Outlook

Global gold prices broke past $4,600/oz, currently at $4,670/oz. Analysts from Citi and UBS forecast a potential rise to $5,000/oz within Q1.
Thai gold prices are approaching 70,000 THB, with some forecasts suggesting they could reach 72,000 THB if supportive factors remain strong.
Key Drivers

Central Banks Buying Gold: Strong demand as governments stockpile reserves to reduce reliance on the U.S. dollar.
U.S. Monetary Policy: Fed expected to cut interest rates by 50 bps this year, weakening the dollar and boosting gold’s safe-haven appeal.
Geopolitical Risks: Ongoing disputes (e.g., Greenland issue, EU’s 10% tariff hike) drive investors toward gold.
Public Debt & Inflation: Rising deficits and inflation pressures accelerate the shift toward “hard assets” and de-dollarization.
Investment Forecast

Goldman Sachs sees potential short-term corrections near $4,200/oz, but the broader trend remains bullish. Most analysts recommend “Buy on Dip”, with year-end targets between $4,900–$5,000/oz. Jefferies projects highs up to $6,600/oz.

SO OK TRADING Outlook

Thai gold bullion may break 70,000 THB in January, with Q1 forecasts ranging between 68,000–73,000 THB. By year-end, prices could reach 75,000 THB, especially if the baht weakens.
Global gold prices are expected to hit $4,850/oz by end-January, with Q1 targets at $5,000/oz and year-end projections of $5,200–$5,300/oz.
 

SO OK TRADING believes this surge represents a strategic opportunity for Thai businesses and investors seeking to hedge risks and strengthen portfolio stability. With careful monitoring and the right strategies, you can step confidently onto the global stage. Despite volatility, opportunities remain bright.


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