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Thai Gold dealer reports revenue eclipsing the country's national budget
Demand for gold is so strong in Thailand that revenue at the country’s largest gold trading house is on pace to eclipse the government’s entire fiscal 2026 budget. This underscores the surging demand for gold in Asia that continues to support the gold bull market. Hua Seng Heng is on pace to earn a record 5 trillion baht ($156 billion) this year. That compares to the Thai government’s 2026 budget of 3.8 trillion baht. As Bloomberg described it as a testimony to “the sheer number of residents in the Southeast Asian nation embracing the precious metal as a store of wealth amid low interest rates and a ... (full story)
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