Thailand Weighs Curbs on Speculative Gold Trading to Shield Baht

Thailand is set to impose limits on speculative trading in gold as authorities step up efforts to curb the influence of a record-breaking rally in the precious metal on the nation’s currency.

The government may limit an individual’s daily online gold trading to between 100-200 million baht ($3.2-$6.4 million) under a set of new draft rules to be unveiled by the finance ministry later this month, Bank of Thailand Governor Vitai Ratanakorn told reporters Friday. Other measures to cool the baht’s rally to a multi-year high will include a cap on the amount of foreign currencies individuals can transact with money changers at 800,000 baht a day, he said.