Thai Baht’s Gold-Fueled Rally Is Now at Risk, Strategists Say
(Bloomberg) -- 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. The baht has a much closer link with gold...