Overnight gold fluctuations weakened. London spot gold fell 1.34%, and SHFE gold fell 1.24%. US PPI data was released. Falling energy prices became the main driving force for PPI cooling. Inflationary pressure declined, US stocks rose, and risk sentiment heated up, further suppressing gold prices. Short-term gold fluctuates, focusing on tonight's US sales and retail sales data and developments in the US and Iran situation. The probability that the US will raise interest rates in September or even during the year declined one after another, but the trend in gold prices did not rise but fell. First, there is a possibility that a profitable settlement will be achieved. Second, it may be related to market liquidity fears caused by expectations of the Bank of Japan's interest rate hike. The trend of gold prices has been blocked at a critical position, and differences have increased. However, overall, expectations for the Fed's interest rate hike in September have declined or the overall trend is still fluctuating at a high level.

Overnight gold fluctuations weakened. London spot gold fell 1.34%, and SHFE gold fell 1.24%. US PPI data was released. Falling energy prices became the main driving force for PPI cooling. Inflationary pressure declined, US stocks rose, and risk sentiment heated up, further suppressing gold prices. Short-term gold fluctuates, focusing on tonight's US sales and retail sales data and developments in the US and Iran situation. The probability that the US will raise interest rates in September or even during the year declined one after another, but the trend in gold prices did not rise but fell. First, there is a possibility that a profitable settlement will be achieved. Second, it may be related to market liquidity fears caused by expectations of the Bank of Japan's interest rate hike. The trend of gold prices has been blocked at a critical position, and differences have increased. However, overall, expectations for the Fed's interest rate hike in September have declined or the overall trend is still fluctuating at a high level.