Bank of Thailand Closely Watching Impact of Gold Trading on Baht

Thailand central bank is closely monitoring gold transactions that could affect the currency, Don Nakornthab, a senior director in the Bank of Thailand’s economic and policy department said.

“Not only gold exports that put pressure on the baht but also money trading related to gold transactions,” Don said at the briefing on last month’s current account that showed a surplus of $64 million against a median estimate of a $595 million deficit in a Bloomberg survey.