ID :
203675
Fri, 08/26/2011 - 12:54
Auther :
Shortlink :
http://m.oananews.org//node/203675
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BOT to prevent damage caused by fluctuating gold market
BANGKOK, August 26 (TNA) - The Bank of Thailand (BOT) is preventing possible damage to the Thai economy caused by the fluctuating domestic and world gold markets currently.
BOT authorities called a meeting of Thailand's Gold Traders Association and 10 leading Thai gold shops on Friday to discuss the fluctuating gold prices and measures to contain the situation.
However, representatives of most the Thai gold shops told the Thai central bank that they have already had their preventive measures in place.
Meanwhile, Thailand's Gold Traders Association has issued a warning that people should be closely following up updates of the domestic and world gold prices before buying or selling gold to avoid losses. Investors have even been advised to temporarily put their gold investment plans on hold for a certain period of time as a precaution.(TNA)
BOT authorities called a meeting of Thailand's Gold Traders Association and 10 leading Thai gold shops on Friday to discuss the fluctuating gold prices and measures to contain the situation.
However, representatives of most the Thai gold shops told the Thai central bank that they have already had their preventive measures in place.
Meanwhile, Thailand's Gold Traders Association has issued a warning that people should be closely following up updates of the domestic and world gold prices before buying or selling gold to avoid losses. Investors have even been advised to temporarily put their gold investment plans on hold for a certain period of time as a precaution.(TNA)
