Traders say gold prices are in consolidation mode, with a resurgence expected in a few months. In 2024, prices soared 2.37% and 0.58% over those periods, while last year, gold increased 4% and slid 0.11%, respectively, according to local trader Hua Seng Heng. Siriluck Pakotiprapha, vice-president of the research department at Hua Seng Heng Futures Co, said gold prices seem to be influenced by other factors than strong demand. The developments have prompted gold prices to consolidate, she said, projecting $5,100 an ounce as a major resistance level and $4,900 for support. Once the global price exceeds $5,100, the next resistance will be at $5,140, she said.

Source: Bangkok Post February 17, 2026 23:11 UTC