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Thai Baht’s Gold-Fueled Rally Is Now at Risk, Strategists Say - BLOOMBERG

MARCH 11, 2025

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Thailand’s currency has received a boost this year from a rally in gold prices. But strategists warn that won’t be enough to protect it as tariff risks and interest-rate cuts start to bite.

The baht is up around 1.2% against the dollar this year, more than double the gain of a broad gauge of Asian currencies. A key reason is Thailand’s role as a gold-trading hub, which has helped lift the currency as the precious metal hit new highs.


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