Global gold bull run poised to persist

TS Gold Group expects global gold prices to continue their upward trajectory next year, potentially trading between US$4,400 and $4,500 an ounce, driven by persistent geopolitical and economic uncertainties as well as strong central bank buying.

- BOONSONG LIPIMAS

Keeradit Hirunyasiri.

For the year-to-date, gold prices have risen by 52%.

The outlook remains firmly bullish as international tensions keep safe haven demand strong. The key catalyst is ongoing trade negotiations between the US and China, he said.

“If there is no meaningful progress, gold prices will have room to rise further,” said Mr Keeradit.