Precious Metals

Domestic gold prices are on track to post a positive return for an eighth consecutive year. As of October 8, 2026, gold prices had risen by about 900 baht, and looking back at October data over the past five years, from 2021 to 2025, gold rose in four of those years and fell in only one, delivering positive returns in 80% of the period under review. In 2025, prices surged by 3,000 baht to 61,400 baht, while 2024 was the only year to decline, falling 500 baht. Gold nonetheless climbed to a yearly peak of around 81,950 baht before correcting. On the morning of October 8, 2026, 96.5% gold bars were bought back at 65,650 baht and sold at 65,850 baht. The key supporting factor is the direction of Federal Reserve monetary policy, after U.S. nonfarm payrolls for September rose by only 29,000 and the unemployment rate climbed to 4.2%, prompting the market to sharply scale back expectations for an October rate hike. Meanwhile, a World Gold Council survey of 74 central banks found that 45% plan to increase their gold holdings over the next 12 months, the highest share since the survey began in 2018, and China added about 740,000 ounces, or roughly 23 tonnes, to its gold reserves in September, a 23rd consecutive month of increases. Pressures still come from U.S. bond yields, Brent crude oil prices back above 100 dollars a barrel, and technical signals after prices broke below support at 4,200 dollars an ounce on September 28. Gold must break through 4,200 dollars to confirm a short-term recovery and 4,540 dollars to confirm a medium- and long-term uptrend.

Aura Minerals reported record preliminary Q3 2026 production of 95,557 gold equivalent ounces, its highest-ever quarterly and nine-month output across six operating mines. The result was driven by sharp gains at MSG and strong performances at Borborema and Aranzazu. The company said production and sales growth remained strong even after adjusting for metal prices, while construction and development at the Era Dorada project continued on schedule. Aura Minerals also recently secured a new US$200 million syndicated loan facility to help finance supplier payments and prepay production costs while advancing its growth pipeline. The company's narrative projects $2.3 billion in revenue and $1.0 billion in earnings by 2029, requiring 21.0% yearly revenue growth and roughly a $701 million earnings increase from $298.6 million today.

Discovery Mining Ltd. reported past drilling results from 52 holes at the Pamour Mine that confirm and expand existing open-pit mineral resources across multiple zones, with numerous high-grade gold intersections both within and beyond the current resource shell. Several of the strongest Pamour intercepts sit just outside the current pit design, hinting that future resource updates could reframe the scale and configuration of this core asset. The company also recently received key environmental and land use permits for Cordero in Mexico, reducing permitting risk around a future growth project. Discovery Mining's narrative projects $1.7 billion in revenue and $400.5 million in earnings by 2029, requiring 16.0% yearly revenue growth and a $158.9 million earnings increase from $241.6 million today, while some optimistic analysts assume revenue of about US$2,600,000,000 and earnings of about US$695,000,000 by 2029. The company's forecasts yield a CA$14.86 fair value, a 29% upside to its current price.

Gold prices rebounded today, supported by falling oil prices and a weaker dollar. As of 19:50 Thailand time, spot gold was up 41.81 dollars, or 0.90%, at 4,173.33 dollars per ounce, while COMEX December gold futures rose 49.60 dollars, or 1.19%, to 4,206.60 dollars per ounce. Meanwhile, global crude oil prices tumbled more than 1%, with Brent crude falling below 103 dollars per barrel and West Texas crude dropping below 91 dollars per barrel, after President Donald Trump confirmed via Truth Social that the United States will not attack Iran before the November 3 midterm elections and that talks with Iran are making progress. At the same time, investors increased their bets that the Fed will hold interest rates steady at its October meeting, after the U.S. services index fell to 54.9 in September, below expectations of 55.2 and down from 55.4 in August. The CME Group's FedWatch Tool indicates that investors assign an 80.6% probability that the Fed will keep rates at 3.75-4.00% at its October meeting, and a 70.2% probability that the Fed will raise rates by 0.25% to 4.00-4.25% at its December meeting. Investors are watching next week's releases of the consumer price index and producer price index ahead of the Fed's monetary policy meeting on October 27-28.

UBS has identified its preferred gold mining stocks as the sector navigates volatile conditions following a turbulent 2026, recommending selective exposure to gold equities heading into third-quarter results and 2027 guidance. The bank expects sustained energy and broader cost pressures to drive higher unit costs in 2027, though it notes gold valuations are generally reasonable and margins remain attractive if prices hold above $4,000 per ounce. Newmont is UBS's preferred senior producer, cited for clarity on cash returns, low probability of mergers and acquisitions, and modest improvement in operating outlook; the Nevada Gold Mines dispute with Barrick is now resolved, with Newmont paying $1.95 billion to bring Fourmile, Fiberline and Mike into the joint venture under a modernized agreement. UBS also favors Barrick, whose relative performance and valuation reflect that outcome, and Endeavour, whose spot free cash flow yield exceeds 10 percent with a further step-up in cash returns expected in 2026 and roughly 40 percent growth over 2025-2029 through the Assafou project in Ivory Coast. The list also includes SSR Mining, where the investment case has shifted to delivery, life extensions and deployment of over $2 billion of cash with production sustainable just below 500,000 ounces per annum of gold equivalent, plus Skeena Resources, which secured key permits for the Eskay Creek project in February, and Franco-Nevada, where the Cobre Panama restart remains mostly unpriced and the stock trades at approximately 15 times spot 2028 enterprise value to EBITDA versus its five-year average of 21.5 times.

The Gold Traders Association announced an intraday gold price adjustment today, 9 October 2026, raising it by 700 baht from the previous day, with the price changing a total of 18 times. The first adjustment was an increase of 550 baht, while the second through eighteenth adjustments were mostly moves of 50 baht and 100 baht each. Most recently, gold bars were buying at 66,250.00 baht and selling at 66,450.00 baht, while gold ornaments were buying at 64,930.28 baht and selling at 67,250.00 baht.

Newmont is preparing to report earnings on 22 October 2026, with analysts expecting higher earnings per share and revenue than the prior-year quarter and forecasts revised upward on a generally favorable business outlook. Stronger bullion prices, supported by softer expectations for an October Federal Reserve rate hike, have improved sentiment toward Newmont and other gold producers. The company's strong first half 2026 results, including US$13,425 million in sales and US$5,464 million in net income, frame how much cushion Newmont may have if costs rise or grades decline. Newmont's narrative projects $31.3 billion in revenue and $12.6 billion in earnings by 2029, requiring 6.7% yearly revenue growth and a $4.0 billion earnings increase from $8.6 billion today, while the most pessimistic analysts assumed roughly flat revenues around US$24.9 billion and earnings near US$9.4 billion over time. Risks remain around higher sustaining capital needs, lower grade mine sequencing and potential safety or operational disruptions.

The retail price of 96.5% gold in Thailand opened 550 baht per baht weight higher this morning, recovering in line with the global market. The Gold Traders Association announced its first price quote at 9:03 a.m., with gold bars buying at 66,100 baht per baht weight and selling at 66,300 baht per baht weight, while gold ornaments buy at 64,778.68 baht per baht weight and sell at 67,100 baht per baht weight. An analysis by Hua Seng Heng Gold Futures Company Limited said gold prices rebounded after a sharp decline, while the market continues to watch the direction of Fed interest rates after Christopher Waller said further rate hikes may be necessary to control inflation. However, investors still expect the Fed to hold rates at its October meeting and are giving more weight to another rate hike in December. Non-farm payrolls for September rose by only 29,000, below expectations, while jobless claims remain near a 57-year low. Meanwhile, the U.S.-Iran situation is showing signs of easing after President Donald Trump confirmed the United States will not attack Iran before the midterm elections on November 3 and said negotiations have made progress, with the key issues still being an end to hostilities, the opening of the Strait of Hormuz, and the nuclear program. The SPDR fund sold 5.71 tonnes of gold. The analysis assesses that short-term upside may remain limited, as prices are likely to face selling pressure from resistance around 4,180 dollars, so gold prices are expected to move within a range of 4,100 to 4,180 dollars.

DPM Metals Inc. reported third-quarter 2026 production of 97,000 gold-equivalent ounces and said it was on track for the high end of its full-year production guidance, with the Vareš mine ramp-up running ahead of plan and expected to exceed its 2026 output target. The company also decided to begin developing twin declines into the Wedge Zone at Chelopech by year-end, a move it says points to additional near-term production potential and a longer mine life. The company's narrative projects $1.4 billion in revenue and $837.1 million in earnings by 2029, yielding a CA$67.78 fair value, a 25% upside to its current price. The most pessimistic analysts expected revenue to fall to about US$1.0 billion and earnings to about US$572.7 million. Investors are still watching how higher costs or permitting delays could affect the outlook.

The governor of Poland's central bank said the bank currently holds 672 tonnes of gold and aims to increase its gold reserves to 700 tonnes. Following the news, in early trading on October 9, 2026, the AU9999 index tracked by the Bosera Gold ETF rose 1.12%, while spot gold broke above $4,160 per ounce, up 0.65% on the day. Kenny Zhu, head of research and investment strategy at Sprott, believes that gold can still hold its trading range and attract new ETF inflows despite surging US Treasury yields, and the next move in gold prices is more likely to be an upside breakout. Changjiang Securities noted that gold's sensitivity to bearish interest-rate factors has further declined, ETF inflows remain resilient, and the trend of central bank gold purchases is unchanged, so the medium-term bull market logic remains intact.

Namib Minerals announced the completion of commissioning of its expanded milling plant at How Mine, ahead of the mid-October deadline previously communicated. The company said the completed installation and commissioning is expected to raise How Mine's monthly processing capacity from approximately 40,500 tonnes to 55,000 tonnes, an increase of approximately 36%. Chairman and CEO Tulani Sikwila said the focus now turns to a disciplined ramp-up to full capacity and to delivering the expected annualized run-rate of more than 30,000 ounces at current grades outlined on the company's recent call. Namib Minerals is targeting full processing capacity of 55,000 tonnes per month by December 2026, while the restart of Redwing Mine remains on schedule with first gold targeted by January 2027. Namib Minerals, which trades on Nasdaq under the symbol NAMM, is a gold producer, developer and explorer with operations focused in Zimbabwe.

Lundin Gold Inc. reported third quarter 2026 gold production of 153,736 ounces from its Fruta del Norte mine in southeast Ecuador, the highest quarterly output since commercial production began at the site. Of that total, 103,311 ounces were produced as concentrate and 50,425 ounces as doré, compared with 122,086 ounces in the same quarter of 2025. The mill processed 535,711 tonnes of ore in the quarter at an average throughput of 5,823 tonnes per day, an average grade of 10.1 grams per tonne and recoveries of 88.3 percent. For the first nine months of 2026, the mill processed 1,532,652 tonnes and produced 392,472 ounces of gold. President and CEO Jamie Beck said the company is well positioned to deliver full-year production within its 2026 guidance range of 475,000 to 525,000 ounces, adding that year-to-date sales trailed production due to timing and that most of those ounces are expected to be sold in the fourth quarter. Lundin Gold will publish its third quarter 2026 results on November 4, 2026, after market close in North America, and will host a conference call and webcast on November 5.

GoldHaven Resources Corp. has closed its previously announced non-brokered flow-through financing, issuing 3,773,584 flow-through common shares at $0.265 per share for aggregate proceeds of $1 million. The company said the additional capital is expected to provide increased financial flexibility to advance exploration at its Magno Project and build upon its ongoing 2026 exploration program. In connection with the closing, GoldHaven paid cash finder's fees totaling $70,000 and issued 264,151 non-transferable finder warrants to certain eligible arm's-length finders, with each warrant entitling the holder to purchase one common share at $0.35 for a period of 24 months from issuance. All securities issued are subject to a statutory hold period expiring four months plus one day from closing. The gross proceeds will be used to incur eligible Canadian exploration expenses qualifying as Critical Mineral Mining Expenditures under the Income Tax Act (Canada), with the expenditures renounced to subscribers effective December 31, 2026.

TD Cowen initiated coverage of Gold Royalty and Versamet Royalties with Buy ratings, sending shares of Gold Royalty up 3.3% and Versamet up 1.1% in Thursday's trading. Analyst Derick Ma said both companies should enjoy high near-term organic growth that will drive a significant uplift in EBITDA and dealmaking capacity over the next five years, positioning them to bridge the gap with their intermediate royalty peers. Gold Royalty offers superior geopolitical risk exposure through its Americas-focused portfolio and is approaching an EBITDA inflection point, supported by a diversified pipeline of development assets, and Ma believes it should trade at a premium EV/EBITDA multiple to the peer group. Ma added that Versamet is rapidly establishing itself as a top stream financing company despite its short operating history, with a portfolio offering investors very strong EBITDA growth of roughly 50% through 2030.

G Mining Ventures Corp. reported preliminary third-quarter 2026 production of 44,960 ounces of gold from its 100%-owned Tocantinzinho Gold Mine in Pará State, Brazil, a 22% increase over the second quarter of 2026. The company said the result keeps it on track to hit the midpoint of its full-year production guidance of 160,000 to 190,000 ounces of gold. Year-to-date, G Mining has produced 113,651 ounces and sold 114,325 ounces of gold. Average plant throughput for the quarter was 12,372 tonnes per day, average grade processed was 1.33 grams per tonne, gold recovery was 92.0%, and the strip ratio was 2.47 to 1. Chief Executive Officer Louis-Pierre Gignac said mining rates averaged 74,209 tonnes per day during the quarter, a 7% increase over the second quarter, and that access to higher-grade Phase 2 mineralization positions the operation for a significant increase in grade and production in the fourth quarter. The company expects to release its third-quarter 2026 financial and operating results after market close on November 12, 2026, with a conference call scheduled for November 13, 2026.

AuMEGA Metals Ltd announced a 100.5 g/t gold float sample from its 100%-owned Intersection Project along the Cape Ray Shear Zone in southwest Newfoundland and Labrador, the second-highest grade gold sample ever collected across the company's Newfoundland property portfolio. Two additional float samples graded 23.8 g/t gold and 23.1 g/t gold, confirming multiple high-grade gold occurrences within the project area. The 169 square kilometre Intersection Project sits at the convergence of the Cape Ray Shear Zone and the Hermitage Flexure, two of Newfoundland's largest known gold-bearing structural corridors, and shares geological characteristics with the Valentine Gold District while lying adjacent to mineral claims recently staked by Equinox Gold. The results advance Intersection from the broad gold-in-till anomalism identified in 2024, when 914 till samples outlined four large gold target areas, to the identification of high-grade gold mineralisation at surface. A total of 56 grab samples were collected during the 2026 reconnaissance geological mapping program, and assays remain pending for the majority of program samples; AuMEGA said it will integrate the complete dataset to design a follow-up exploration program expected to advance priority targets toward drill testing.

K92 Mining Inc. reported Q3 2026 production of 49,776 ounces gold equivalent from its Kainantu Gold Mine in Papua New Guinea, its second-highest quarterly result to date, comprising 46,063 oz gold, 1,948,951 lbs copper and 55,746 oz silver. The quarter also marked one million AuEq ounces produced since commercial production was declared in February 2018, and set records for ore processed at 250,042 tonnes, ore mined at 252,744 tonnes, total material mined at 485,812 tonnes and mine development at 3,486 metres. The company reiterated its 2026 production guidance of 190,000 to 225,000 oz AuEq and said output is expected to be strongest in Q4 on a planned higher-grade stoping sequence and the ramp-up of the second and third mining fronts. As at September 30, 2026, 98% of Stage 3 Expansion growth capital had been spent or committed, with the expansion remaining on budget. Chief Executive Officer David Medilek said the Phase 4 Primary Ventilation Upgrade, remaining haul road upgrades and deployment of new 60-tonne surface trucks position K92 for its strongest production quarter of the year.

Arras Minerals Corp. reported additional drill results from its ongoing 40,000-metre diamond drill program at the Elemes Project in Pavlodar Region, Kazakhstan, including a broad copper-gold intercept at Berezski Central and high-grade gold at the newly defined K-Ozek epithermal target. Hole EL26042 intersected 574m grading 0.40% CuEq from 98 m, including a higher-grade zone returning 0.57% CuEq over 211m from 433m depth, while hole EL26041 returned 707m grading 0.26% CuEq from 4m, including 271m grading 0.31% CuEq from 492m to 709m depth. At K-Ozek, hole EL26039 drilled 22.8m grading 5.37 g/t Au from 124.2m, including 13.8m grading 8.84 g/t Au and 6.1m grading 17.0 g/t Au, and hole EL26029 intersected 229m grading 0.30 g/t Au from 2m with a higher-grade core of 25m grading 1.11 g/t Au from 174m. CEO Tim Barry said the K-Ozek results show a preserved high-level epithermal system in a down-dropped block between Berezski Central and Berezski North, raising the possibility of another porphyry system preserved at depth beneath it, an exploration concept not yet confirmed by drilling. The company also announced the grant of 5,605,000 stock options to directors, officers, employees and advisors at an exercise price of C$1.33 per share for a five-year term, vesting over three years.

Mr. Poon Panichpibool, a money and capital market strategist at Krungthai GLOBAL MARKETS, Krung Thai Bank Public Company Limited, or KTB, said that although the 10-year US bond yield rose to test the 5.36% zone, the downward move in crude oil prices, a strong 10-year bond auction result, and buy-on-dip purchases of long-term bonds by market players helped slow the rise and supported the bond yield in pulling back before stabilizing around 5.30%. KTB maintains its previous recommendation that market players can gradually buy long-term US bonds, because if the US central bank, or FED, continues to raise interest rates, it will eventually open the way for long-term bond yields to gradually decline in line with the economic picture and inflation trends that may slow. In addition, the FED has a chance to cut rates again at some point ahead, making gradual buy-on-dip purchases of long-term US bonds during this period still attractive, especially when the 10-year US bond yield exceeds the 5.20% zone, where the risk-reward of holding long-term bonds is very attractive, or shows a clear asymmetric risk-reward, if one assesses a case where the bond yield moves up or down by about plus or minus 50 basis points to plus or minus 100 basis points. On the currency market, the dollar weakened somewhat in line with the pullback in crude oil prices and the 10-year US bond yield, as well as the strengthening of the Japanese yen, or JPY, causing the dollar index, or DXY, to fall to the 102.2 point zone, moving around the 102.2-102.5 point zone. As for gold prices, although COMEX gold futures for December 2026 delivery faced heavy selling during the rise in both the dollar and the 10-year US bond yield, they still received support from buy-on-dip purchases by market players, the reversal and pullback in both the dollar and the 10-year US bond yield, and the overall risk-off conditions in financial markets, helping gold prices gradually rebound to the 4,130-4,140 dollars per ounce zone.

Zhongjin Gold and other enterprises have jointly established a gold investment company in Henan. According to Qichacha, Henan Xinyuan Gold Investment Co., Ltd. was recently incorporated, with Wang Feng as its legal representative and registered capital of 20 million yuan. Its business scope includes investment activities using its own funds, basic geological exploration, geological exploration technical services, and mineral resource reserve evaluation services. Equity penetration shows that the company is jointly held by Songxian Industrial and Mining Resources Holding Co., Ltd. and Henan Jinyuan Gold Mining Co., Ltd., a subsidiary of Zhongjin Gold.

China's central bank increased its gold holdings for the 23rd consecutive month, with gold reserves at 77.47 million ounces at the end of September, up 740,000 ounces from 76.73 million ounces at the end of August. The World Gold Council reported that global gold ETFs attracted 10 billion dollars of inflows in September, pushing third-quarter inflows to a record 31 billion dollars, led by funds listed in Europe and North America. Despite lower gold prices, global gold holdings still rose by 67 tonnes to a record 4,256 tonnes, while total assets under management fell 7 percent month-on-month to 574 billion dollars. Industrial Securities said gold prices may fluctuate between 4,000 and 4,300 dollars per ounce in the short term. If the situation in the Strait of Hormuz escalates and oil prices surge again, gold could pull back to the lower end of the range at 4,000 dollars per ounce. If oil prices retreat and US Treasuries stabilise, gold could break above the upper end of the range. The Bosera Gold ETF has seen net inflows for eight consecutive trading days, with the largest single-day net inflow at 375 million yuan, total inflows of 897 million yuan, and an average daily net inflow of 112 million yuan.

Aquitaine Metals Corp. has completed a non-brokered strategic private placement with Kinross Gold Corporation and Alpayana S.A.C., issuing an aggregate of 6,278,949 common shares at C$7.50 per share for proceeds of approximately C$47.1 million. Following the financing, Aquitaine has 52,207,711 common shares issued and outstanding and approximately C$92 million in cash. CEO Chris Taylor said the backing of a leading global gold producer and a mining group with a proven operational record represents a strong endorsement of Aquitaine and the potential of the Limousin Gold and Critical Metals Project. The company intends to use the proceeds primarily to accelerate exploration at the Limousin project in Nouvelle-Aquitaine, France, with the majority of funds expected to go toward expanding drilling activities and increasing metres drilled. The Limousin project covers 330 square kilometres of exploration licenses and includes 23 past-producing small-scale gold mines, with historical operations most recently conducted by COGEMA, which produced approximately one million ounces of gold between 1988 and 2002.

Granada Gold Mine Inc. has applied for drill permits at its 100%-owned Granada Gold Project near Rouyn-Noranda, Quebec, adjacent to the Cadillac Break in the Abitibi gold belt. The company said it intends to combine infill drilling to improve confidence in the existing mineral resource with exploration drilling to test potential extensions, with results guiding future exploration spending and supporting resource updates. Historical exploration at Granada has included more than 150,000 metres of drilling in approximately 1,000 drill holes, with mineral resources delineated over approximately 2 km of an estimated 5.5 km east-west mineralized structure, leaving the deposit open along strike and at depth with only about 20% of the property explored to date. The 2026 mineral resource estimate, effective June 8, 2026, reports Measured and Indicated Mineral Resources of 890,600 ounces of gold, or 15,982,000 tonnes at 1.73 g/t Au, and separately Inferred Mineral Resources of 865,500 ounces, or 20,096,000 tonnes at 1.34 g/t Au. The move follows J.W. Dumont's appointment as President on September 28, 2026, and the company said it will announce the finalized scope, budget and schedule once confirmed, with drilling remaining subject to required permits, financing and contractor availability.

Royal Road Minerals Ltd has identified significant silver-antimony veins at its Margaritas target in Colombia, extending the area of interest to roughly 450 by 420 metres. CEO Dr Tim Coughlin told Proactive that the veins, encountered during the maiden drilling programme completed in June, are four to five metres wide and carry high grades of silver alongside antimony and gold. Coughlin said the company is building an idea of a silver vein resource sitting above what was the initial target at Margaritas, a deeper porphyry copper-gold system, and that the veins reflect the distal part of that system. He added it is probably more likely that the nearby Güíntar porphyry target and Margaritas are attached to the same underlying large porphyry intrusive system. At Güíntar, drilling is about 150 metres down and is expected to hit the stockwork at 250 metres, while Royal Road continues advancing other opportunities across its Colombian portfolio.

GMV Minerals Inc. has completed its 2026 diamond drill program at the Mexican Hat Gold project in southeast Arizona, reporting 4,775 metres drilled across 25 holes from 24 platforms that tested the deposit over 950 metres of strike length and 370 metres of width. The company said all drill holes intersected significant gold mineralization within the established solids, with notable assays including 12.64 gpt gold over 4.88 m in MHC26-14, 3.30 gpt gold over 12.39 m in MHC26-24, and 1.33 gpt gold over 29.57 m in MHC26-09. A total of 94 significant mineralized intervals exceeding the previous 0.2 gpt gold cut-off were encountered, averaging 0.87 gpt gold over 7.74 m, and drilling has now tested over 90% of the mineralization. President and CEO Ian Klassen said MHC26-14 returned one of the highest gold drill intersections reported at the project to date, adding that the company looks forward to an updated NI Mineral Resource estimate this fall, the first since June 22, 2020, when it was compiled using a base case of $1,375 per ounce gold. The 25 new drill holes will be incorporated into a revised NI 43-101 Mineral Resource Estimate that the company intends to release in the coming months.

Trinity Securities assesses that global stock markets in the fourth quarter of 2026 will face a tug-of-war between macro factors weighing on sentiment and micro factors supporting the market. It expects the SET Index to swing within a range of 1,500 to 1,700 points and recommends gradually accumulating stocks when panic selling occurs, through a bottom-fishing strategy. It also highlights five standout stock themes: livestock, tourism, retail, processed agricultural products, and sectors benefiting from foreign direct investment. Natchat Mekmasin, senior assistant managing director of the securities analysis department at Trinity Securities, said the SET Index target from the PE Model stands at 1,750 points in the best case, 1,630 points in the base case, and 1,510 points in the worst case, compared with the current SET level of about 1,580 points. Meanwhile, Thailand's implied equity risk premium is around 5.8%, higher than the long-term average of 4.0%. Kamolchai Polinthong assessed that the gold price has passed its low of 3,900 US dollars per ounce and recommends gradually accumulating in the 4,000 US dollars per ounce zone, aiming to take profits at a target of 5,000 US dollars per ounce early next year. At the same time, Trinity Securities has launched the DR Terminal program, developed jointly with the Stock Exchange of Thailand to help Thai investors access foreign stock data, with features including a Valuation Screener, DR Compare, and Trinity Underlying Scanner.