In addition to Lao Fengxiang and Chow Dasheng Gold, the domestic gold prices of other brands have all fallen below 500 yuan per gram. This is the gold price announced on the official website today, for reference only: gold store quotation.

On Monday (August 22), the international gold price fell to a new low of $1,740.08 since July 28. In addition to Lao Fengxiang and Chow Tai Seng gold, the domestic gold prices of other brands have all fallen below 500 yuan per gram. This is the gold price announced on the official website today, for reference only:

In terms of international gold , today the price of gold is subject to the strength of the US dollar and the Federal Reserve further interest rate hike expectations , although the Fed's third consecutive 75 basis point interest rate hike in September is unlikely. The focus this week is on the annual Jackson Hole global central bank meeting held at the weekend.

At 15:06 Beijing time, spot gold fell 0.37% to US$1,740.96/ounce; the main COMEX gold futures contract fell 0.51% to US$1,753.9/ounce; US dollar index rose 0.16% to 108.284.

The U.S. dollar index rose to 108.304, its highest level since July 15, making gold more expensive for holders of other currencies. The 10-year U.S. Treasury yield rose to its highest level in a month, increasing the holding cost of gold, a non-yielding asset.

According to the latest data released by the U.S. Commodity Futures Trading Commission (CFTC), speculators continue to increase their net long positions in the U.S. dollar due to rising interest rate expectations. In the week ended August 16, the value of net long U.S. dollar positions climbed to $13.37 billion from $12.97 billion the previous week, the first increase in four weeks.

Market sentiment fluctuates around expectations of a Federal Reserve interest rate hike , and capital flows intensify the pain of gold bulls. Analysts at TD Securities explained: "As market interest rate cut expectations fade, precious metals speculative long appeal should further dry up."

ACY Securities Chief Economist Clifford Bennett said: "The dollar's resumption of upward momentum will certainly bring benefits to the gold market. pressure, but it appears to be more in tune with the simultaneous sell-off in assets such as bonds, stocks and currencies. Whenever there are false expectations, such as the Fed slowing down the pace of monetary policy tightening, such expectations evaporate immediately.

Interest rate traders now see less than a 50% chance of a third consecutive 75 basis point interest rate hike by the Federal Reserve in September. Some Fed policymakers have previously commented that as inflation expectations have peaked and recession concerns have increased, the Fed want Slow down the pace of interest rate hikes to protect the economy from rising borrowing costs too quickly.

But St. Louis Fed President Bullard is inclined to raise interest rates again by 75 basis points to achieve price stability faster. San Francisco Fed President Daly also said. , now announced Inflation victory is too early and says a rate hike of 50 basis points or 75 basis points would be appropriate

The focus this week is on the annual Global Central Bank meeting in Jackson Hole, Wyoming, on Friday (August 26). Annual Meeting. Fed Chairman Powell Will deliver a speech at the meeting. In terms of economic data, investors are paying attention to the US durable goods orders data, which is expected to fall to 0.5% from the previous value

International Gold Day K chart, falling for 6 consecutive trading days