GoldPrices
17 APRIL 2013 - BANGKOK, THAILAND: A woman looks at a gold necklace she was buying in a Bangkok gold shop Wednesday morning. Thais flocked to gold shops in Bangkoks's Chinatown this morning to buy gold. Wednesday was the first day most gold shops were open after a five day holiday weekend. Shops were closed Friday through Tuesday, when global gold prices dropped by more than 13% based on jitters that Cyprus might liquidate its gold stocks. The Thailand Futures Exchange (TFEX) suspended trading of all gold and silver futures for a short time Tuesday morning because of instability in the market. Gold is now about 22 percent below the record peak of $1,920.30 an ounce set in September 2011. Thais buy gold as both jewelry and an investment, a hedge against inflation and financial failures. Bangkok's Chinatown district is the center of Thailand's gold trade. PHOTO BY JACK KURTZ
Add to Cart Add to Lightbox Download- Filename
- GoldPrices013.jpg
- Copyright
- © Jack Kurtz
- Image Size
- 5760x3840 / 17.5MB
- Contained in galleries
- Thailand (All)
