Fed Chair announcement in autumn; USD fluctuates, gold nears $3400.

On Wednesday, the US dollar index showed an inverted V trend, ultimately closing slightly down 0.06% at 98.147. The yield of US Treasury bonds generally fell, with the benchmark 10-year yield closing at 4.239% and the 2-year yield closing at 3.621%. On Wednesday (August 27th), gold prices showed a relatively stable trend under the dual influence of Federal Reserve policy uncertainty and geopolitical risks, but the underlying volatility should not be underestimated. Especially the attempt by US President Trump to hire Federal Reserve Governor Cook has raised concerns in the market about the independence of the Federal Reserve. This not only increases the short-term attractiveness of gold, but also weaves a complex web with the upcoming inflation data, affecting the direction of the global gold market. On Thursday (August 28th) morning trading in the Asian market, spot gold fluctuated narrowly and is currently trading around $3398.47 per ounce. Due to the tightening of US crude oil inventories easing investors' concerns about oversupply, international crude oil rebounded. WTI crude oil hit the highest level of 64 in the market, ultimately closing up 0.79% at $63.65 per barrel; Brent crude oil ultimately closed up 0.61% at $67.16 per barrel.