According to the CITIC Construction Investment Research Report, the US released the CPI data for August. The overall CPI was in line with expectations, and the core CPI exceeded expectations, but the increase in inflation was mainly due to one-time service disturbances, and the possibility of continued heating up is low. After the data was implemented, the probability of interest rate hikes in September rose to 87%. Expectations of interest rate hikes in the near term basically filled up, triggering favorable trading, and gold fell first and then rose. Looking forward to the future, the market has fully set expectations for near-term interest rate hikes. As long as the Federal Reserve does not release a signal of continued interest rate hikes, it is expected to bottom out after the gold gap runs out: if interest rates are raised in September, the relief of short-term interest rate pressure is expected to resonate with gold's credit hedging, supporting a recovery in gold prices.

According to the CITIC Construction Investment Research Report, the US released the CPI data for August. The overall CPI was in line with expectations, and the core CPI exceeded expectations, but the increase in inflation was mainly due to one-time service disturbances, and the possibility of continued heating up is low. After the data was implemented, the probability of interest rate hikes in September rose to 87%. Expectations of interest rate hikes in the near term basically filled up, triggering favorable trading, and gold fell first and then rose. Looking forward to the future, the market has fully set expectations for near-term interest rate hikes. As long as the Federal Reserve does not release a signal of continued interest rate hikes, it is expected to bottom out after the gold gap runs out: if interest rates are raised in September, the relief of short-term interest rate pressure is expected to resonate with gold's credit hedging, supporting a recovery in gold prices.