[Market Evening] The Price of Gold May Decline at Any Time In The Short-Term, Dropping to $1,688

As of 17:00 (GMT+8), spot gold fell 0.040% to $1723.74/oz, and spot silver rose 0.192% to $19.811/oz.

Comment: International gold prices are under pressure as cautious investors wait for US inflation data to be released later in the day, which will play a key role in influencing the Fed's policy outlook and determining the recent trend of the US dollar. While gold is seen as an inflation hedge, higher interest rates increase the cost of holding the non-yielding asset gold while boosting US bond yields and favoring the dollar.

Suggestion: short spot gold at 1723.90 position, and the target point is 1711.27.

As of 17:00 (GMT+8), the US dollar index fell 0.203% to 108.05, EUR/USD rose 0.234% to 1.01421; GBP/USD rose 0.319% to 1.17163; AUD/USD rose 0.042% to 0.68929; USD /JPY fell 0.364% to 142.285.

Comment: Risks are rising that the ECB will have to raise its benchmark interest rate to 2% or higher to curb high inflation. At the same time, the United States will announce CPI inflation data for August on Tuesday, and the survey shows that the US price increase is expected to slow down in August.

Suggestion: long EUR/USD at 1.01499 position, the target point 1.01961.

As of 17:00 (GMT+8), WTI rose 0.935% to $88.437/barrel; Brent rose 1.079% to $94.414/barrel.

Comment: International oil prices are rising in shock, and worries about tight inventories caused by tight fuel supplies before winter support prices offset the selling pressure caused by further increases in global interest rates. The prospect of a restart of the Iran nuclear deal remained bleak, supporting oil prices.

Suggestion: short US crude oil at 88.216 position; the target point is 85.572.

1. MetaMask allows the purchase of cryptocurrencies with Brazilian Real;

2. Algorand executives called on Helium to abandon plans to migrate to Solana;

3. Wells Fargo: The US CPI in August will hit the largest monthly decline since the spring of 2020;

4. Brother of former Coinbase product manager pleads guilty to cryptocurrency insider trading charges;

5. ARK Invest's new chief futurist: Bitcoin and Ethereum are not competitors;

6. GameStop blockchain leader resigns;

7. LedgerPrime, a fund owned by FTX, will transition to a family office and plans to refund external investors;

8. Paramount Pictures applied for a cryptocurrency trademark for the movie MEAN GIRLS;

9. Fidelity will launch bitcoin trading for retail customers in November.

The Taiwan Weighted Index fell 0.089% to 14,895.0 points;

The Nikkei 225 rose 0.157% to 28601.5 points;

Hong Kong's Hang Seng Index rose 0.250% to 19305.2 points;

Australia's S&P/ASX 200 rose 0.219% to 7015.05.

20:30(GM+8):

US August CPI annual rate not seasonally adjusted (%)

US core CPI annual rate in August was not seasonally adjusted (%)

US CPI reading was not seasonally adjusted in August

The monthly rate of US real weekly wages in August (%)

US August CPI monthly rate not seasonally adjusted (%)

20:55(GM+8):

US Red Book commercial retail sales annual rate for the week ended September 10 (%)

23:00(GM+8):

US August Cleveland Fed CPI monthly rate (%)