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Traders upgrade 2025 gold price forecast
Bangkok Post
|March 28, 2025
US tariffs continue to rattle markets
The Gold Traders Association (GTA) has upgraded its international gold price forecast for 2025 to $3,400 an ounce, up 3.23%, adding the precious metal price could top 50,000 baht per baht-weight in the second quarter.
Spot gold rose 0.65% to $3,037.17 an ounce yesterday morning as US auto tariffs cheered up global trade tensions ahead of the April 2 deadline for reciprocal tariffs from the world's largest economy.
Locally the price of the metal soared 100 baht to 36,650 baht per baht-weight, according to the GTA.
All eyes are now on US President Donald Trump's reciprocal tariffs planned for April 2 and the scope of the impacts from such measures, which could generate a gold price spike, said GTA president Jitti Tangsithpakdi.
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