泰向柬出口数十亿美元黄金被指泰铢升值推手

Core Viewpoint - Concerns have been raised regarding the strong performance of the Thai baht, particularly in light of the shrinking trade between Thailand and Cambodia due to border conflicts, which could negatively impact exports [1] Group 1: Economic Impact - The value of gold exports from Thailand to Cambodia reached approximately $2.149 billion, equivalent to about 68 billion baht, for the period from January to July 2025 [1] - Since the beginning of 2025, the Thai baht has appreciated by over 7%, ranking second in the region after Taiwan [1] - The Industrial Council plans to engage with the central bank and government departments to discuss and formulate strategies to address the potential negative effects on exports [1] Group 2: Gold Market Insights - YLG, a Thai gold trader, predicts that gold prices in Thailand may continue to rise, potentially reaching 57,000 baht by 2025, with global gold prices expected to face resistance at $3,750 per ounce [1] - Thailand is ranked among the top ten gold buyers globally and fourth in Asia [1] - Thailand is the only country to experience continuous growth in gold consumption demand for four consecutive years since the COVID-19 pandemic began in 2021 [1] Group 3: Trade Concerns - The significant amount of gold exported to Cambodia, amidst serious fraud issues in the country, could lead to unnecessary public relations challenges for Thailand [1]