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(1) Economists at BofA Securities stated in a report that the Bank of Thailand is unlikely to raise interest rates soon. They expect the overall inflation rate to peak at around 5% by the end of 2026, then decline as the energy base effect fades. (2) Market prices have already reflected expectations of two rate hikes this year, but BofA believes the Bank of Thailand will overlook supply-side inflation shocks. The economists pointed out: "Raising interest rates in the context of an oil shock that monetary policy cannot address is likely a policy mistake." (3) BofA expects the Bank of Thailand to maintain its policy rate at 1.00% until the end of 2026 and for most of 2027.

Alumina is affected by tight bauxite supply and fluctuations in energy costs, drawing increasing attention from the market. This infographic provides a clear view of the complete industry chain from bauxite to alumina, electrolytic aluminum, and its end applications.

Golden Ten Data reported on May 26 that Michael Widmer, Managing Director and Head of Metals Research at Bank of America, stated that due to declining expectations for US interest rate cuts, gold prices will face pressure in the short term. However, the bank maintains its bullish outlook on gold and reiterates its forecast that gold prices will rise to $6,000 per ounce in the next 12 months. Currently, the pressure on gold is related to the market's repricing of inflation risks and the US interest rate path amid surging energy prices caused by the Middle East conflict. Despite these pressures, supported by continuous gold purchases by central banks, a rebound in investor demand, and weakening economic growth indicators, gold is expected to continue rising.