On the 23rd, as the tense situation in the Middle East showed signs of escalating, international oil prices rose to a new high in more than six weeks, triggering a rise in market expectations that the Federal Reserve would curb inflation by raising interest rates in the future. CME's “Federal Reserve Watch Tool” shows that the expected probability that the Fed will raise interest rates by 25 basis points in September has risen to 77%. Driven by this forecast, the US dollar index rose slightly on the same day. The two-year US bond yield, which is more sensitive to changes in the benchmark interest rate, once hit a new high in 17 months. This put pressure on the price of gold without interest returns to fall. International gold prices fell below the 4,100 US dollar mark per ounce in the intraday period on the 23rd. As of 19:00 Beijing time on the 23rd, the price of gold futures for August delivery on the New York Mercantile Exchange was $4096.90, a decrease of 1.32%; the price of silver futures for September delivery was $59.015 per ounce, a decrease of 2.14%.

On the 23rd, as the tense situation in the Middle East showed signs of escalating, international oil prices rose to a new high in more than six weeks, triggering a rise in market expectations that the Federal Reserve would curb inflation by raising interest rates in the future. CME's “Federal Reserve Watch Tool” shows that the expected probability that the Fed will raise interest rates by 25 basis points in September has risen to 77%. Driven by this forecast, the US dollar index rose slightly on the same day. The two-year US bond yield, which is more sensitive to changes in the benchmark interest rate, once hit a new high in 17 months. This put pressure on the price of gold without interest returns to fall. International gold prices fell below the 4,100 US dollar mark per ounce in the intraday period on the 23rd. As of 19:00 Beijing time on the 23rd, the price of gold futures for August delivery on the New York Mercantile Exchange was $4096.90, a decrease of 1.32%; the price of silver futures for September delivery was $59.015 per ounce, a decrease of 2.14%.