# Baht continues to strengthen as gold price rises

> The Thai baht opened at 34.28 per US dollar on December 28, its strongest level in five months. The move followed a weaker dollar and a fall in US 10-year yields from 3.89% to 3.8%, which lifted gold prices.

- Date: 2023-12-28 · published 2023-12-28T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/32970-baht-continues-to-strengthen-as-gold-price-rises
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger baht and softer dollar tend to support gold and make dollar-priced commodities cheaper for Thai buyers, a modest factor for feed import costs.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-14 | [Ringgit continues to strengthen vs US dollar](https://feedsoft.ai/events/36680-ringgit-continues-to-strengthen-vs-us-dollar.md) | +0.6% | +0.5% |
| DXY | 2025-07-05 | [Colombian Peso Strengthens as US Dollar Continues to Decline](https://feedsoft.ai/events/24064-colombian-peso-strengthens-as-us-dollar-continues-to-decline.md) | +0.6% | +1.7% |
| DXY | 2020-03-16 | [Baht strengthens](https://feedsoft.ai/events/54389-baht-strengthens.md) | +3.7% | +1.4% |
| DXY | 2023-02-28 | [Bangkok Post - Baht tipped to strengthen after US rates peak](https://feedsoft.ai/events/37583-bangkok-post-baht-tipped-to-strengthen-after-us-rates-peak.md) | -0.7% | -0.9% |
| DXY | 2017-04-17 | [Baht expected to strengthen to 21-month high](https://feedsoft.ai/events/71749-baht-expected-to-strengthen-to-21-month-high.md) | +0.2% | +0.2% |

## Sources

- nationthailand.com: https://www.nationthailand.com/business/banking-finance/40034189

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.