Gold prices have fallen for the third consecutive week, weighed down by rising US dollar and US bond yields This week, the markets will focus on the minutes of the Federal Reserve meeting and the New Zealand Federal Reserve's interest rate decision

Gold prices have fallen for the third consecutive week, weighed down by rising US dollar and US bond yields

This week, the markets will focus on the minutes of the Federal Reserve meeting and the New Zealand Federal Reserve's interest rate decision

The US dollar rose last Friday, following a slight increase in producer prices in the US in July, leading to a rise in bond yields. Despite heightened speculation that the Federal Reserve is about to end interest rate hikes, gold prices are hovering near a one month low, and the weekly trend is set to decline for the third consecutive week.

This week, we will focus on the minutes of the Federal Reserve's monetary policy meeting. With economic data weakening the Fed's bet on further interest rate hikes last week, we will also focus on the meeting minutes and the speeches of Federal Reserve officials to seek more signals on the direction of interest rates; In addition, following the New Zealand Federal Reserve's interest rate resolution, the Asia Pacific Economic Cooperation (APEC) Energy Ministers' Meeting will be held.