SCB Wealth and Huasen Heng Gold Futures forecast global gold prices at $5,000/oz by year-end 2569, with Thai domestic gold expected at 75,000–75,700 baht/baht-weight. Key drivers include global central bank demand for gold diversification away from USD, Middle East tensions, Fed interest rate decisions, and technical signals. Gold has strengthened since July after March-June weakness linked to Iran conflict and inflation concerns. Investment strategy suggests accumulating at $4,200/oz for long-term investors.