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Huay Sang Heng: "September Effect" to pressure gold in the short term; support level at $4,200 expected as gold prices stabilize, equivalent to 66,500–66,800 baht per baht of gold
62 The Standard Wealth · Sep 8, 2026
Huay Sang Heng: "September Effect" to pressure gold in the short term; support level at $4,200 expected as gold prices stabilize, equivalent to 66,500–66,800 baht per baht of gold
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Huay Sang Heng: "September Effect" to pressure gold in the short term; support level at $4,200 expected as gold prices stabilize, equivalent to 66,500–66,800 baht per baht of gold The Standard Wealth · Sep 8, 2026

Gold prices are consolidating after reaching ~$4,700/oz in August, now facing near-term headwinds from Fed rate-hike expectations, stronger USD, and the seasonal "September Effect." Huay Sang Heng identifies support at $4,200–$4,230/oz (66,500–66,800 baht), viewing this as a temporary pause rather than a trend reversal. Medium-to-long-term fundamentals remain supportive: geopolitical tensions, high government debt, and central bank accumulation continue to underpin demand.
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