The gold price rose for a fourth day on Monday, surpassing $5,390, as the conflict in the Middle East rattled markets and drove investors to safer assets. Locally, gold bars were trading at 80,500 baht per baht-weight as the baht weakened to near 31.50 baht to the dollar amid capital outflows from the Stock Exchange of Thailand. "The ongoing fighting in the Middle East is unlikely to end shortly. Siriluck Pakotiprapha, vice-president of research at Hua Seng Heng Futures Co, said the local gold trader anticipates gold prices possibly hitting $5,450 an ounce in the near term. "The gold price could be driven by investors' demand for a safer asset to reach $5,600 in the short term," he said.

Source: Bangkok Post March 02, 2026 23:36 UTC