News) Thailand is seeing a surge of people trying to sell their gold after the precious metal hit multi-year highs in local prices. Sellers said they wanted to get their hands on some much-needed cash during the COVID-19 crisis.
There was an immediate fear that gold shops will soon run out of cash as crowds lined up, trying to sell their gold bars and gold jewelry.
Thailand Prime Minister Prayuth Chan-Ocha was even forced to step in to calm the situation down: “I’m asking people to sell gradually, not in large amounts, as shops may face a cash crunch,” he said at a briefing Wednesday in Bangkok.


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