Deputy Prime Minister and Minister of Commerce, Ms. Supajee Suthamphan Presided Over the Opening of Thailand Gold Summit 2026

Bangkok Gems News: Thailand’s position in the rapidly changing global economy came sharply into focus as Deputy Prime Minister and Minister of Commerce, Ms. Supajee Suthamphan, officially opened the Thailand Gold Summit 2026, calling on the nation to seize emerging opportunities while recognizing the increasingly strategic role of gold in an uncertain world. Speaking before an audience of leading gold traders, investors, economists, financial analysts and business executives at True Digital Park on July 5, Ms. Supajee said the precious metal should no longer be viewed solely as jewellery or an investment vehicle but as a key strategic asset that will help shape the future of international commerce and economic resilience.

The summit, organized by Business Tomorrow in collaboration with Than Lok and Trader KP under the theme “Thailand’s Golden Opportunity: Thailand’s Golden Opportunities in the New World,” brought together experts from across the financial and precious metals sectors to exchange ideas on navigating today’s increasingly complex economic environment. This Bangkok Gems News report notes that Ms. Supajee stressed the event had been held at exactly the right moment, with geopolitical tensions, shifting trade policies, supply chain disruptions and global security concerns continuing to reshape international markets. She observed that matters once regarded purely as political or diplomatic issues are now having a direct impact on investment decisions, trade flows and economic confidence around the world.

Navigating a New Global Landscape

During her keynote address, Ms. Supajee pointed to the growing competition between the United States and China as one of the defining features of the global economy. While the United States continues to rely heavily on tariffs and trade negotiations as part of its international strategy, China remains committed to expanding free trade and strengthening global trading frameworks.

She explained that Thailand finds itself in a unique position. The United States remains the Kingdom’s largest export destination, while China is Thailand’s biggest overall trading partner. Maintaining strong and constructive relationships with both countries, she said, is essential to protecting Thailand’s long-term economic interests.

Rather than choosing sides, Thailand’s approach is built on mutual benefit, ensuring cooperation that supports sustainable economic growth while creating opportunities for businesses, exporters and investors alike.

Strengthening Trade and Investment

Ms. Supajee said the government continues to work towards reducing both tariff and non-tariff trade barriers in order to reinforce confidence among trading partners and improve market access for Thai businesses.

Discussions with China are also focused on enhancing the quality of bilateral trade and investment by ensuring imported products comply with recognized standards while encouraging projects that create genuine economic value for Thailand. These initiatives include using locally sourced raw materials, employing Thai workers and expanding domestic supply chains that strengthen the country’s industrial base.

She also highlighted proposals to encourage joint investment in agricultural processing industries, allowing Thailand to become a regional production hub capable of adding greater value to agricultural products, reducing seasonal oversupply and generating more sustainable incomes for farming communities.

Expanding Into New Markets

Beyond protecting existing export markets, the Ministry of Commerce is actively pursuing new opportunities around the world.

Negotiations on a Free Trade Agreement with the European Union continue to move forward steadily, while efforts are underway to expand commercial ties with countries throughout Africa and Latin America. Additional FTA negotiations with Canada and South Korea are expected to further diversify Thailand’s trading relationships and reduce dependence on individual markets.

According to Ms. Supajee, Thailand’s neutrality in international affairs, strategic location at the center of Asia and extensive network of free trade agreements provide significant competitive advantages that continue to attract international investors seeking stable and reliable business partners.

Gold’s Role Has Entered a New Era

Highlighting the summit’s central theme, Ms. Supajee said gold has become far more than a traditional store of wealth.

Today it serves as a public asset, a national reserve, a globally recognized investment instrument and an increasingly important raw material used in advanced technology, electronics manufacturing and future industries. She described gold as both a legacy asset and a future resource that will remain indispensable as economies continue to evolve.

She also noted that the government’s economic planning has shifted from a “Just in Time” model to a “Just in Case” approach, placing greater emphasis on supply chain resilience, risk management, food security and building confidence among international trading partners.

Investing With Knowledge and Confidence

While recognizing gold’s enduring reputation as a safe-haven asset during periods of economic uncertainty, Ms. Supajee reminded investors that no investment is entirely without risk. She urged individuals to study market conditions carefully, understand the factors influencing price movements and conduct business only with reputable and transparent organizations.

Her address reflected a broader vision for Thailand’s future, one built on balanced diplomacy, diversified trade, resilient supply chains and strategic investment. As global markets continue to evolve, she said Thailand is well positioned to transform uncertainty into opportunity by capitalizing on its geographical strengths, trusted international relationships and expanding economic partnerships. The discussions at the Thailand Gold Summit 2026 reinforced confidence that gold will remain an important pillar of both financial security and industrial development while supporting Thailand’s ambition to strengthen its standing in the global economy.

Bullish Outlook Driven by Structural Shifts

Industry leaders at the Thailand Gold Summit predicted that global gold prices could test US$5,000 an ounce by the end of 2026, driven by long-term structural trends including global de-dollarization, continued central bank buying, and the shift in physical gold demand from Western markets to Asia. Speaking on the panel The New Gold Era: The Future of Global Finance, representatives from the Gold Traders Association, MTS Gold and Hua Seng Heng said China, India and Thailand are emerging as key centers of the global gold trade as gold increasingly replaces US Treasuries as a preferred reserve asset for central banks. Panelists also pointed to growing participation from younger Gen Z investors and geopolitical uncertainty as supportive factors for prices, while noting that US midterm elections could trigger significant volatility. If gold reaches US$5,000 an ounce and the baht remains around 33 to the US dollar, domestic gold prices could rise to 78,000–80,000 baht, reinforcing Thailand’s ambition to establish itself as a leading regional gold trading hub, although analysts cautioned investors to manage risk amid expected market swings.

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