Bangkok: Investors are closely monitoring the US Federal Reserve as its upcoming decisions are anticipated to impact gold prices significantly. The Fed’s potential interest rate cuts could drive gold prices higher, prompting investors to adopt a short-term strategy of buying during corrections and selling upon price rebounds for profit.
According to Thai News Agency, Mr. Piboonrit Viriyaphon, Director of the Gold Research Center, reported an increase in the gold price confidence index for September 2015, which rose to 76.56 points from 75.03 points in August. Key factors influencing this increase include the Fed’s interest rate policy, speculative buying, the US president’s economic policies, a weakening US dollar, and concerns about a global economic recession.
In terms of gold purchase demand forecasts for September 2015, a survey of 328 respondents revealed that 40% do not plan to purchase gold, 38% intend to buy, and 22% remain undecided. Among 12 large gold traders and brokers, 58% anticipate a rise in gold prices in September 2025, while 25% expect stability and 17% foresee a decrease.
Major gold traders forecast the world gold price (Gold Spot) to average between $3,403 and $3,690 per ounce for September 2025. The domestic price for 96.5% purity gold bars is expected to range from 52,700 to 55,100 baht per baht of gold, with the baht averaging between 31.30 and 32.74 baht per dollar.
Gold investment advice for September 2025 emphasizes market volatility and recommends focusing on short-term investments. Investors are advised to monitor the Fed’s meeting for interest rate trends and geopolitical factors, including tensions in the Middle East and the Russia-Ukraine conflict.
Ms. Areerat Murachai, Chief Analyst at GCAP Co., Ltd. (GCAP GOLD), highlighted that gold prices have been trending positively as global investors await the Fed meeting on September 17, 2015. The market expects interest rate cuts, and Fed Chairman Jerome Powell’s statement is crucial. A significant easing signal would weaken the dollar and lower US bond yields, supporting gold prices. Conversely, a cautious approach by Powell could trigger short-term profit-taking.
Political risks, such as President Trump’s pressure on the Fed to cut interest rates and calls for NATO sanctions against Russia, have also led investors to favor gold as a safer asset. GCAP GOLD analysts suggest waiting for a dip to buy at $3,630/$3,600, with an anticipated rise to an all-time high of $3,710-$3,725 and potentially $3,750 if the price breaks above these levels.