The focus of gold prices moved upward last week. On Friday, London spot gold reached 4,600 US dollars/ounce, a three-month high. The weekly increase was 4.23%, and the main SHFE gold contract rose 4.40% weekly. News of overseas US bond repurchases last week weighed on US bond yields. The US dollar index declined, and gold rose. This week, we're focusing on Walsh's debut at the Jackson Hole Central Bank Annual Meeting. On the Federal Reserve side, the minutes of the July FOMC meeting announced early Thursday morning kept interest rates unchanged at 9:3. Many officials believe that if inflation does not fall, interest rates will need to be raised. CME data shows that the probability of interest rate hikes in September has dropped from over 70% at the end of July to less than 40%. Furthermore, the yield on 30-year US bonds once rose to the highest level since 2007. US Treasury Secretary Beisent announced that he would double the scale of long-term US bond repurchases, which at one point allayed market concerns about the debt credit crisis. Geographically, the 60-day negotiation window between the US and Iran expired on August 18, and Trump announced that the memorandum of understanding would not be extended.

The focus of gold prices moved upward last week. On Friday, London spot gold reached 4,600 US dollars/ounce, a three-month high. The weekly increase was 4.23%, and the main SHFE gold contract rose 4.40% weekly. News of overseas US bond repurchases last week weighed on US bond yields. The US dollar index declined, and gold rose. This week, we're focusing on Walsh's debut at the Jackson Hole Central Bank Annual Meeting. On the Federal Reserve side, the minutes of the July FOMC meeting announced early Thursday morning kept interest rates unchanged at 9:3. Many officials believe that if inflation does not fall, interest rates will need to be raised. CME data shows that the probability of interest rate hikes in September has dropped from over 70% at the end of July to less than 40%. Furthermore, the yield on 30-year US bonds once rose to the highest level since 2007. US Treasury Secretary Beisent announced that he would double the scale of long-term US bond repurchases, which at one point allayed market concerns about the debt credit crisis. Geographically, the 60-day negotiation window between the US and Iran expired on August 18, and Trump announced that the memorandum of understanding would not be extended.