[Market Evening] The International Gold Price Continued the Sharp Decline In the Previous Trading Day, Hitting a New Low of $1,721 Per Ounce Since July 27

As of 17:00 (GMT+8), spot gold fell 0.878% to $1721.68/oz, and spot silver fell 1.513% to $18.547/oz.

Comment: The international gold price continued the slump in the previous trading day, hitting a new low of $1,721 per ounce since July 27, because Fed Chairman Powell insisted on using aggressive water collection policies to fight inflation, boosting the dollar and weakening the non-yielding assets of gold. attractive.

Suggestion: short Spot gold at 1793.70, and the target point is 1779.70.

As of 17:00 (GMT+8), the US dollar index rose 0.496% to 109.31, EUR/USD fell 0.395% to 0.99258; GBP/USD fell 0.634% to 1.16612; AUD/USD fell 0.550% to 0.68561; USD /JPY was up 0.953% at 138.755.

Comment: The euro rose first and then declined last Friday, closing at a recent low of 0.9960. Affected by Powell's "eagle" sound at the annual meeting of world central banks in Jack Sunhall. Powell warned on Friday that there was no quick fix for a sharp rise in prices and that monetary policy would need to remain tight "for some time" until inflation was brought under control, meaning slower growth, a softening job market, households and businesses To suffer "some pain".

Suggestion: short the EUR/USD at 1.04550, and the target point is 1.04190.

As of 17:00 (GMT+8), WTI rose 0.744% to $93.307/barrel; Brent rose 0.680% to $99.413/barrel.

Comment: International oil prices rose on expectations that the Organization of the Petroleum Exporting Countries (OPEC) will cut production if necessary to support prices, as the conflict in Libya and the surge in natural gas prices led to increased demand, helping to offset the bleak effect of the U.S. economic growth outlook.

Suggestion: short US crude oil at 104.500, and the target point is 101.270.

1. Monetary Authority of Singapore: The Monetary Authority of Singapore will propose a regulatory approach for stablecoins;

2. Commissioner of the Monetary Authority of Singapore: Cryptocurrencies are not suitable for use as currencies due to volatility;

3. The founder of Ava Labs denies malicious attacks on competitors;

4. Economic Daily: The risk of virtual real estate speculation must be prevented;

5. CZ: Not sure if the malicious competition of Ava Labs is true, Binance is not its competitor;

6. The market value of Bitcoin was overtaken by Tencent;

7. Lightnet received a capital commitment of US$50 million from LDA Capital to promote the development of Velo blockchain technology;

8. Biden’s innovative executive order on digital asset responsibility requires multiple agencies to submit relevant feedback reports by September 5.

The Taiwan Weighted Index fell 1.064% to 14854.7 points;

The Nikkei 225 fell 0.907% to 26,972.5 points;

Hong Kong's Hang Seng Index fell 0.245% to 20028.0;

Australia's S&P/ASX200 index fell 0.667% to 6966.05 points.

20:30(GM+8):

US July Dallas Fed PCE Index (%)

US August Dallas Fed Manufacturing Activity Index

US August Dallas Fed Manufacturing Output Index

US August Dallas Fed Manufactured Price Index

Dallas Fed new orders index for August

23:30(GM+8):

U.S. August 29 auction of 6-month Treasury bonds - total amount ($100 million)

U.S. August 29 6-Month Treasury Auction - High Interest Rate (%)

U.S. August 29 6-Month Treasury Auction - Bid Multiple (Times)

U.S. August 29 6-Month Treasury Auction - High Allocation Percentage (%)