Traders bullish on gold's skyrocketListen to this articleGold jewellery on display in a Korea Gold Exchange store. In Thailand, prices jumped by 2,150 baht per baht-weight, with gold bar trading at 77,000 baht, according to the Gold Traders Association (GTA). The most bullish price forecast is from Kritcharat Hirunyasiri, chairman of MTS Gold, who expects global gold to hit $6,400 per ounce, while domestic prices move in a range of 85,000-88,000 baht per baht-weight. "Geopolitical tensions spurred by Trump is the major driver of gold prices jumping by about 20% year-to-date." Domestic prices are on course to reach 80,000 baht per baht-weight, up from the recent estimate of 75,000 baht.
