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Aug 24 - 02:55 AM
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Gold - USD/THB Higher, FinMin To Propose Gold Tax
By Catherine Tan — Aug 24 - 12:43 AM
• USD/THB trades higher, Thailand to propose tax on gold trade, imports-FinMin
• FinMin will discuss tax with the Gold Association this week
• Spot gold last +0.73% to $4636/bbl; sell-off in UST underpin
• USD/THB last at 32.67-70, traded amid 32.58-68 range so far
• Above 32.70 to see 32.80, 33.0 levels, base of 21days BB, RSI support
• Authorities not in favor of a strong THB amid impact on tourism and
exports
THB
(Catherine Tan is a Reuters market analyst. The views expressed are her own.)
Source:
London Stock Exchange Group | Thomson Reuters