Thai's Central Bank Chief says they will introduce a daily cap on gold trading at 50mln or 100mln Baht from the 29th of January
Newsquawk Staff ·
Thai's Central Bank Chief says they will introduce a daily cap on gold trading at 50mln or 100mln Baht from the 29th of January.
What it means
The Thai central bank's introduction of a daily trading cap on gold is a significant regulatory move that aims to manage volatility in the gold market. This action could affect liquidity and trading strategies, particularly for investors in gold and precious metals, while potentially impacting the Thai baht's performance against other currencies as the cap may influence demand dynamics.
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