Powell turns pigeon to gold bullish The US dollar continues to fall under pressure

The US dollar index fell on the 23rd. The US dollar index, which measures the US dollar against six major currencies, fell 0.78% that day and closed at 100.717 at the end of the foreign exchange market.

As of the end of the New York currency market, 1 euro was exchanged for 1.1187 US dollars, higher than the previous trading day's 1.1111 US dollars; 1 pound is exchanged for 1.3203 US dollars, higher than the previous trading day's 1.3092 US dollars.

1 US dollar is exchanged for 144.30 Japanese yen, lower than the previous trading day's 146.22 Japanese yen; 1 US dollar is exchanged for 0.8479 Swiss francs, lower than the previous trading day's 0.8520 Swiss francs; 1 US dollar is exchanged for 1.3513 Canadian dollars, lower than the previous trading day's 1.3605 Canadian dollars; 1 US dollar is exchanged for 10.1898 Swedish kronor, lower than the previous trading day's 10.2487 Swedish kronor.

Gold prices rose more than 1% last Friday to close at $2511.85 per ounce, as the yield of US dollars and treasury bond bonds fell after Federal Reserve Chairman Powell made remarks on interest rate cuts in September. Over the past weekend, Hezbollah launched hundreds of missiles into northern Israel. Israel claimed that its preemptive strike on Lebanon prevented a larger scale attack, but neither side had the intention of erupting into a full-scale war. This week, we will receive the August PCE data from the United States, and investors need to pay close attention to it.