[Market Evening] The International Gold Price Hit an Eight-Week Low, the Foundation of High Inflation Became More Widespread, and the FED Had No Way Out
[Market Evening] The International Gold Price Hit an Eight-Week Low, the Foundation of High Inflation Became More Widespread, and the FED Had No Way Out

As of 17:00 (GMT+8), spot gold fell 0.361% to $1690.51/oz, and spot silver fell 0.613% to $19.469/oz.
Comment: The international gold price further fell to a new low of $1,685.52 per ounce since July 21, dragged down by a stronger dollar and expectations of a sharp interest rate hike by the Federal Reserve. Central bankers must persevere in the fight against broad-based inflation.
Suggestion: short spot gold at 1690.50 position, and the target point is 1681.70.
As of 17:00 (GMT+8), the US dollar index fell 0.027% to 109.57, EUR/USD rose 0.159% to 0.99944; GBP/USD fell 0.198% to 1.15153; AUD/USD fell 0.061% to 0.67473; USD /JPY was up 0.111% at 143.277.
Comment: The next interest rate decision by the Bank of England will be held on September 22. Sterling could fall to $1.10 in the short term if the Bank of England continues to hike rates "by a cautious 50 basis points," said Jalinus, head of foreign exchange strategy at Credit Suisse.
Suggestion: short EUR/USD at 0.99910 position, target point 0.98974.
As of 17:00 (GMT+8), WTI fell 1.251% to $87.293/barrel; Brent fell 1.057% to $92.647/barrel.
Comment: International oil prices fell, a large increase in U.S. crude oil inventories caused concerns about weak demand, and a strong dollar was also a headwind for oil demand. Venezuela said it was "ready" to supply global oil and gas markets to make up for a supply gap caused by Western sanctions against Russia.
Suggestion: short US crude oil at 87.292 position, the target point is 85.332.
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The Taiwan Weighted Index rose 0.157% to 14642.1 points;
The Nikkei 225 fell 0.247% to 27870.5 points;
Hong Kong's Hang Seng Index fell 0.073% to 18855.2 points;
Australia's S&P/ASX 200 fell 0.045% to 6,832.75.
20:30(GM+8):
Monthly rate of US import price index in August (%)
Annual rate of U.S. import price index in August (%)
U.S. initial jobless claims for the week ended September 10 (10,000)
U.S. continuing jobless claims for the week ended September 3 (10,000)
US August retail sales monthly rate (%)
U.S. core retail sales monthly rate in August (%)
US August retail sales annual rate (%)
21:15(GM+8):
U.S. industrial output monthly rate in August (%)
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