US PEC fell, USD down, gold hit $4260 then dropped.

Last Friday, the core PEC annual rate in the United States unexpectedly fell to 2.8% in September, hitting a three-month low. The US dollar index ultimately closed down 0.08% at 98.99; The yield on US Treasury bonds has risen to its highest level in weeks, and investors expect the Federal Reserve to hawkishly cut interest rates. The benchmark 10-year Treasury yield ultimately closed at 4.1410%, while the 2-year Treasury yield sensitive to the Fed's policy rate closed at 3.5710%. Amidst the turbulence in global financial markets, the US dollar index experienced a bottoming out and rebounding volatility last Friday, with US bond yields climbing to a new high in over two weeks, while gold prices surged and fell. This week's focus is undoubtedly on the Federal Reserve's interest rate decision. The market generally expects the Federal Reserve to implement a 25 basis point interest rate cut, which will be the third consecutive easing of monetary policy, but investors are increasingly divided on the future path of easing. Combining the latest economic data from the United States, inflation performance, and dovish statements from multiple Federal Reserve officials, although gold prices are supported, they are facing resistance, and the sharp rise in US bond yields reflects hawkish expectations of interest rate cuts. The market judges that the Russia Ukraine peace talks are unlikely to lead to the relaxation of sanctions in the short term, and WTI crude oil ultimately closed up 0.7% at $60.13 per barrel; Brent crude oil ultimately closed up 0.8% at $63.87 per barrel.