# Thai central bank to allow gold trading in dollars soon

> The Bank of Thailand plans to allow gold trading in dollars to reduce exchange rate volatility, since domestic gold prices track global gold. The baht strengthened to 31.29 per dollar, which exporters say is much stronger than the 33-34 baht rate they need for shipments.

- Date: 2020-09-10 · published 2020-09-10T12:00:00.000Z
- Category: policy · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/51386-thai-central-bank-to-allow-gold-trading-in-dollars-soon
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Currency strength makes Thai exports less competitive, but the policy is aimed at curbing volatility rather than changing the baht's trend, so its effect on feed prices is limited.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/markets/thai-central-bank-to-allow-gold-trading-in-dollars-soon-idUSL4N2G71BM/

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