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🪙 Thailand Gold Traders & Central Bank Discuss New Controls
Thailand’s gold traders have entered discussions with the Bank of Thailand (BoT) as authorities consider tighter controls on gold trading activity, amid concerns that large gold-related FX flows are strengthening the Thai baht.
• BoT says gold trading–related currency conversions are creating sharp volatility in the Thai baht
• Online and large-volume gold trading is a major source of daily FX inflows
• No immediate ban or tax announced, but stronger reporting and oversight are under review
If controls are introduced, Thailand could see reduced gold-driven FX volatility — but tighter rules may also slow speculative gold flows in the region.
#GoldMarket #Thailand #CentralBank #ForexFlows #PreciousMetals $PAXG
Thailand’s gold traders have entered discussions with the Bank of Thailand (BoT) as authorities consider tighter controls on gold trading activity, amid concerns that large gold-related FX flows are strengthening the Thai baht.
• BoT says gold trading–related currency conversions are creating sharp volatility in the Thai baht
• Online and large-volume gold trading is a major source of daily FX inflows
• No immediate ban or tax announced, but stronger reporting and oversight are under review
If controls are introduced, Thailand could see reduced gold-driven FX volatility — but tighter rules may also slow speculative gold flows in the region.
#GoldMarket #Thailand #CentralBank #ForexFlows #PreciousMetals $PAXG
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