Gold to see long-term downward trendAn employee handles gold jewellery for a customer at an outlet of Hua Seng Heng in Bangkok's Chinatown. The price of gold will be confirmed to be on a long-term downward trend if it fails to stay above US$4,100 per ounce, which could occur this week amid escalating tensions and a prolonged conflict in the Middle East, traders say. If the price slides below the $4,100 range, we could see that gold is entering a long-term downward trend," Siriluck Pakotiprapha, vice‑president of the research department at Hua Seng Heng, told the Bangkok Post. With the $4,100 level imminent this week, Mrs Siriluck sees the possibility of gold sliding below $4,000 an ounce later in the year. GTA president Jitti Tangsithpakdi predicts gold prices could weaken further by $100–200 an ounce, warning investors not to rush into gold trading for speculative purposes.

Source: Bangkok Post March 23, 2026 23:23 UTC