泰央行限制黄金交易抑本币升值

Group 1 - The Thai central bank's governor stated that interest rate cuts cannot resolve structural economic issues and has implemented strict regulations on the gold market, including capping daily online gold trading at 50 million Thai Baht and banning short selling [2][3] - The Thai Baht has appreciated approximately 9% year-to-date against the US dollar, reaching its highest level since March 2021, which has negatively impacted the profits of the export and tourism sectors [2] - The gold market in Thailand has become a key hub for cross-border capital flows, with international funds needing to exchange for Thai Baht to participate in trading, thus increasing demand for the currency [2][3] Group 2 - The Thai central bank aims to cut off capital flows by prohibiting short selling, which reduces high-frequency leveraged trading and the demand for Thai Baht associated with margin calls [3] - New regulations require large gold traders with average annual transactions exceeding 10 billion Thai Baht over the past five years to report to the central bank and maintain records for three years, enhancing market transparency and preventing abnormal capital flows [3] - The international gold price has surged past the $5,200 mark, with daily increases of $100 becoming common, driven by ongoing geopolitical risks and the unresolved US debt crisis [4]