BANKBackground
Baht strengthens further, gold hits near 3-month high
The Thai baht touched 23.85 per dollar on Monday, its strongest in over two months, and Kasikorn Research expects it to continue appreciating toward 23.03 per dollar as the US dollar weakens. Gold prices also surged to $4,546 per ounce, with local prices reaching 17,058 baht per baht weight. Traders forecast further gains: $4,800 next month and $5,000 by year-end.
Context — no action needed.