① After rising slightly last week, spot gold fluctuated and fell slightly on Monday, still under pressure below the 55-day moving average, and is currently trading around $1,923.10 per ounce. Ahead of U.S. inflation data to be released later this week, investors Weighing warnings from Federal Reserve officials that interest rate hikes are still possible in the future.
② Praveen Singh, assistant vice president of Sharekhan Company, said that the decline in holdings of global gold exchange-traded funds (RTF) indicates that investment demand remains poor, adding that rising yields will put pressure on the precious metal.
③The gold holdings of SPDR Gold Trust GLD, the world's largest gold ETF, fell to the lowest level since January 2020 on Friday.
④Federal Reserve officials warned on Friday that even if they vote to keep the federal funds rate unchanged at the September meeting, further interest rate increases are still possible, with three of the policymakers saying they are still not sure whether the inflation battle is over. .
⑤ The U.S. dollar is hovering near a more than six-month high, and the 10-year U.S. Treasury bond yield is near a 16-year high.
⑥ Investors are awaiting the release of the Federal Reserve's preferred inflation measure, the personal consumption expenditures (PCE) price index, on September 29. They are also paying attention to the situation in the U.S. government, where U.S. lawmakers are working hard to negotiate before the September 30 deadline. Spending bill to avert government shutdown