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The Thai central bank has ordered tighter scrutiny of foreign exchange transactions linked to gold trading. It has also told commercial banks to closely monitor foreign currency inflows.
The baht was trading at 31.5 per dollar, up 8.8% so far this year.
Tighter controls on gold-linked FX flows could cap baht appreciation and protect Thai exporters' margins. Thai rice export pricing is the most directly affected.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.