YLG Forecasts Short-Term Gold Price Correction Amid US Bond Yield Pressure
YLG Bullion International suggests a short-term dip in gold prices, identifying a potential buying opportunity as global central banks continue to accumulate reserves.
According to a report by Khaosod Online on October 22, 2026, YLG Bullion International (YLG) has analyzed the current downward trend in gold prices. CEO Pawaan Nawawattanasap stated that the decline is primarily driven by the U.S. 10-year government bond yield exceeding 5%.
Despite this pressure, YLG has identified a significant demand zone between $4,000 and $4,060 per troy ounce, suggesting that this range may serve as a support level for investors looking to enter the market. Looking ahead, the firm projects a potential recovery, with prices expected to reach between $4,700 and $5,000 per troy ounce by the first or second quarter of 2027. In terms of local currency, this would equate to approximately 74,800 to 79,600 Thai Baht per gold baht.
For residents and investors in Thailand, this analysis highlights the ongoing influence of U.S. monetary policy on local precious metal markets. The sustained accumulation of gold by central banks worldwide remains a key factor supporting long-term price expectations. However, it remains to be confirmed whether the projected recovery will materialize as anticipated, as market volatility and global economic conditions remain subject to change. Investors are advised to monitor these support levels closely as the market adjusts to current bond yield environments.
