Global economic system fractures: US energy policy boosts gold prices to $5,000, Bitcoin eyes $90,000, while Thai indices fear fallout

The Turmoil of the Modern Asset Market

Today, the global financial markets are facing multiple shocks simultaneously. Investors are awaiting the US non-farm payrolls (NFP) (job creation) figure, expected to be around 55,000 positions, combined with energy policies that are creating global uncertainty. This has investors feeling anxious, forcing them to make decisions as markets fluctuate between bullish and bearish signals.

The “Soft Landing” scenario for the US economy remains the main outlook. However, changes within the Federal Reserve’s leadership, with Kevin Hassett at the center of policy shifts, could lead to more aggressive interest rate cuts in the second half of the year, which bodes well for risk assets worldwide.

Bitcoin Stands Firm Amid Correction: Preparing for the “Supercycle”

The crypto market is entering a delicate phase. Bitcoin is testing a critical support level at $90,000. The current price of $96.62K indicates short-term uncertainty, but major financial institutions like Bernstein and Standard Chartered remain optimistic about this development.

This test of the $90,000-$91,500 zone is not the end but a “foundation-building” phase for a new era called the “Tokenization Supercycle,” where real assets will be widely converted into tokens. These banks have set a long-term Bitcoin target of $150,000 for the journey ahead in 2026.

Gold Hits $5,000: A Safe Haven from Uncertainty

If Bitcoin is preparing for a surge, gold is signaling caution and fear. Once considered merely jewelry, gold is now an “essential asset” in any portfolio.

Gold prices in the $4,440-$4,580 per ounce range reflect a journey toward HSBC’s target of $5,000 by the first half of 2026. The reasons are twofold: first, central banks worldwide continue to stockpile gold to reduce reliance on the US dollar; second, geopolitical tensions and conflicts make gold a valuable “hedge.”

Thai Stock Market Turns Down: Following the Delta Variant

If the external world is “fearful,” the Thai stock market (SET Index) is “reeling.” The index dropped 27.22 points to 1,253.60, mainly due to instability caused by Delta. Influential stocks are under pressure.

A report of large block trades at prices below the market caused Delta to fall below 12%. As a result, foreign investors withdrew 3.7 billion baht, reflecting the fragility of the Thai stock market structure, which relies heavily on a few major stocks. One shock can drag the entire market down.

The Big Painting: When Global Uncertainty Reflects on Local Markets

What is clear is that the global financial landscape has entered a new era of “Decoupling” (the separation of assets). Bitcoin is trying to prove itself, gold stands as a hedge, and the Thai stock market is reflecting a convergence of geopolitical risks and global monetary policy shifts. Those unprepared may find themselves chasing a market that never stands still.