US inflation data met expectations, USD fluctuated, and gold hit $3450.

Last Friday, due to the fact that the US inflation data was basically in line with expectations, the expectation of a possible interest rate cut by the Federal Reserve next month was strengthened. The US dollar index first rose and then fell, ultimately falling slightly by 0.001% to 97.86. The yield of US Treasury bonds fluctuated, with the benchmark 10-year bond yield closing at 4.233% and the 2-year bond yield closing at 3.625%. On September 1st Beijing time, spot gold trading was around $3450 per ounce. Gold prices hit their best monthly performance since April last Friday, reaching a high of $3453.82 per ounce, as US inflation data strengthened expectations that the Federal Reserve may cut interest rates in September. As the market is concerned about the imminent oversupply of oil, international crude oil prices have fallen, and the monthly chart has closed negative for the first time since April this year. After the data showed that the US Consumer Confidence Index fell to a 3-month low, WTI crude oil plummeted in the short term, once again falling below the $64 mark and ultimately closing down 0.47% at $63.79 per barrel; Brent crude oil ultimately closed down 0.35% at $67.38 per barrel.