Gold rose during the day and then fell. COMEX gold once hit 4,755 US dollars/ounce. The overall adjustment was weak, and part of the capital left the market in profit, awaiting PCE data and Walsh's speech guidelines during the week. At the macro level, gold is still in a smooth phase; US long-term US debt regulation was unsuccessful; the overall size of US debt exceeded 40 trillion dollars, and the grand narrative of debt credit risk returned, providing favorable support for gold; US consumption and real estate data weakened simultaneously. The US Chamber of Commerce Consumer Confidence Index in August was 89.4, lower than the expected and previous value of 90.2; the August Advisory Council Consumer Expectations Index was 68.2, the previous value was 74.7; the annualized monthly rate of new home sales in July was -10.5%, the previous value was 7.6%. At the geographical level, US Treasury Secretary Bezent announced a number of economic sanctions against Iran; according to CCTV news reports, on the 24th local time, Beisent stated that “starting today, the Treasury Department and other departments will tighten sanctions and block every potential revenue source for the Islamic Revolutionary Guard Corps of Iran and the Iranian government,” and included Iran's gold exports in the scope of the sanctions. The short-term gold trend is still volatile and upward, but market sentiment will tend to be cautious before Walsh's statement is implemented.

Gold rose during the day and then fell. COMEX gold once hit 4,755 US dollars/ounce. The overall adjustment was weak, and part of the capital left the market in profit, awaiting PCE data and Walsh's speech guidelines during the week. At the macro level, gold is still in a smooth phase; US long-term US debt regulation was unsuccessful; the overall size of US debt exceeded 40 trillion dollars, and the grand narrative of debt credit risk returned, providing favorable support for gold; US consumption and real estate data weakened simultaneously. The US Chamber of Commerce Consumer Confidence Index in August was 89.4, lower than the expected and previous value of 90.2; the August Advisory Council Consumer Expectations Index was 68.2, the previous value was 74.7; the annualized monthly rate of new home sales in July was -10.5%, the previous value was 7.6%. At the geographical level, US Treasury Secretary Bezent announced a number of economic sanctions against Iran; according to CCTV news reports, on the 24th local time, Beisent stated that “starting today, the Treasury Department and other departments will tighten sanctions and block every potential revenue source for the Islamic Revolutionary Guard Corps of Iran and the Iranian government,” and included Iran's gold exports in the scope of the sanctions. The short-term gold trend is still volatile and upward, but market sentiment will tend to be cautious before Walsh's statement is implemented.