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Gold price tops $5,100 amid global chaos
Bangkok Post
|January 27, 2026
Gold traders warn of a possible price correction after bullion surpassed US$5,100 an ounce for the first time yesterday amid rising geopolitical uncertainty and a weakening dollar, pressuring the baht to appreciate beyond 31 baht to the greenback.
Siriluck Pakotiprapha, vice-president of the research department at Hua Seng Heng Futures Co, said the gold trader sees the next price resistance at $5,200 an ounce after bullion topped $5,110 yesterday, as tensions over Greenland and Iran rattled investors.
After President Donald Trump abruptly stepped back on Wednesday from threats to impose tariffs on European allies as leverage to seize Greenland, over the weekend he said he would impose a 100% tariff on Canada if it completed a trade deal with China.
Trump also threatened to hit French wines and champagnes with 200% tariffs in an apparent effort to pressure French President Emmanuel Macron into joining his Board of Peace initiative.
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