BANGKOK (Asia) – Thais who are cash-strapped rush to sell gold in Chinatown to cash in on a surge in gold prices with coronavirus pulling the economy into a recession as millions lose their jobs.
Thais may keep some savings in gold to take advantage of a recent rise in the benchmark global price to $1,722 an ounce, which is a seven-year high. Prices have hit an all-time high this week in Thai Baht.
People started queuing wearing masks, hours before shops opened at 8 a.m as the lines stretched for several blocks.
2,672 cases of infection and 46 deaths have been reported so far in Thailand.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.
