Gold prices are projected to fall short of the previous forecast of US$6,000 an ounce for this year as war-induced inflation has lowered the possibility that global central banks will slash their interest rates as Middle East peace talks stalled, say gold and currency traders.

The University of the Thai Chamber of Commerce (UTCC) anticipates government initiatives such as “Thai Chuay Thai” and “Khon La Khrueng Plus” co-payment schemes can effectively stimulate the economy as consumers tighten their spending because of insecurity about employment and future income.

The Thai Travel Agents Association (TTAA) strongly opposes the government’s plan to levy a 1,000‑baht departure tax on Thai travellers, warning it will hamper two‑way tourism and hurt the economy during a cost-of-living crisis.

Thai Foreign Minister Sihasak Phuangketkeow has expressed frustration with the United States, saying the country has received no offers of help from Washington with the wide-ranging economic damage from the American-Israeli war against Iran.

Energy Minister Akanat Promphan has ordered a nationwide inspection of oil depots in light of suspected hoarding, fuel adulteration and the potential falsification of more than 100 shipping documents.

Singapore is interested in Thailand’s Land Bridge project as a potential economic opportunity, though discussions remain at an early stage, government spokeswoman Rachada Dhnadirek said.