Thai baht appreciation
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Gold's record-setting rally quietly turned an Asian currency into this year's breakout trade
Yahoo Finance· 2025-12-23 13:56
The Thai baht's gold-fueled rally has raised concerns among policymakers in the export-reliant economy.Lauren DeCicca/Getty Images Gold's surge has driven the Thai baht up 10% this year to its strongest level since June 2021. Thailand's role as a gold trading hub has turned record prices into FX inflows powering the baht. Officials plan a briefing on currency moves as the strong baht squeezes exports and trade. Gold's blistering rally this year hasn't stayed confined to commodities markets. One o ...