Gold prices at home and abroad fluctuated and rose by more than 1% during the day, boosted by the fact that the US CPI in June fell short of market expectations across the board. After the US quarterly adjustment in June, the monthly CPI rate was -0.4% and the core CPI monthly rate was 0%, both falling short of market expectations and previous values. The short-term pressure on precious metals eased. The short-term pressure on precious metals eased. The market basically ruled out the possibility of interest rate hikes in July, and the expectation that the Federal Reserve would stay on hold throughout the year was further strengthened. However, Federal Reserve Chairman Walsh reiterated his anti-inflation stance on the 14th; Federal Reserve Governor Christopher Waller said on the 13th local time that if the upcoming data shows that inflation continues to be significantly above the 2% target, the Fed may need to raise interest rates “in the near future.” Combined, the situation between the US and Iran is still heating up recently, which limits the expectations of market easing to a certain extent. We need to pay close attention to the progress of the situation in the straits and changes in oil prices.

Gold prices at home and abroad fluctuated and rose by more than 1% during the day, boosted by the fact that the US CPI in June fell short of market expectations across the board. After the US quarterly adjustment in June, the monthly CPI rate was -0.4% and the core CPI monthly rate was 0%, both falling short of market expectations and previous values. The short-term pressure on precious metals eased. The short-term pressure on precious metals eased. The market basically ruled out the possibility of interest rate hikes in July, and the expectation that the Federal Reserve would stay on hold throughout the year was further strengthened. However, Federal Reserve Chairman Walsh reiterated his anti-inflation stance on the 14th; Federal Reserve Governor Christopher Waller said on the 13th local time that if the upcoming data shows that inflation continues to be significantly above the 2% target, the Fed may need to raise interest rates “in the near future.” Combined, the situation between the US and Iran is still heating up recently, which limits the expectations of market easing to a certain extent. We need to pay close attention to developments in the strait situation and changes in oil prices.