[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.

1. JPMorgan Chase: The probability of the Fed raising interest rates by 100 basis points next week is less than one-third;

2. Judge approves use of independent examiner in Celsius bankruptcy;

3. People familiar with the matter: FTX is raising funds for the acquisition;

4. Michael Saylor: Bitcoin is far less energy intensive than Internet giants such as Google;

5. The U.S. Treasury Department sanctioned Iranian hacking groups, including Bitcoin addresses;

6. Two new funds of Two Sigma Ventures have raised a total of US$400 million;

7. SEC Chairman: Crypto intermediaries also need to abide by the rules;

8. Sotheby’s will host its first live NFT auction.

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 (%)

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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 (%)