Fed’s rate cut uncertain; USD rose, gold fell.

On Monday, as the market's optimism about the prospect of interest rate cuts subsided, the US dollar index rebounded and returned above the 98 level, ultimately closing up 0.71% at 98.394. US Treasury yields have generally risen, with the benchmark 10-year Treasury yield closing at 4.276% and the 2-year Treasury yield closing at 3.7340%. On Tuesday (August 26), the Asian stock market fell 0.4% to $3351.97 per ounce in early trading, as the market believed that the prospect of the Federal Reserve's September interest rate cut was still uncertain. On Monday, the US dollar index rose 0.49%, setting a record for the largest daily increase in nearly a month, suppressing the trend of gold prices. In addition, there is a demand for technical correction in gold prices after rising last Friday. Investors are holding their breath as they wait for this Friday's US PCE inflation data, which may determine the directional breakthrough of gold in the next stage. International crude oil prices have risen for the fourth consecutive day. WTI crude oil rose above the key 100 day moving average, stimulating some algorithmic buying. It briefly approached the $65 mark during trading and ultimately closed up 1.52% at $64.62 per barrel; Brent crude oil ultimately closed up 1.31% at $68.2 per barrel.