At present, international gold prices do not have a long-term upward trend, and domestic gold prices have begun to fall due to this impact. Except for the three main brands of Zhou Saturday, Lao Fengxiang and Zhou Dasheng, the gold prices in other gold stores have fallen below 49

Tuesday (September 27), with the dollar index pulling back, international gold prices rebounded since the low of $1,621.06/ounce since overnight set. But the prospect of Fed hike further significantly rate hike will continue to put pressure on gold prices, and Fed officials said the top priority is still to control inflation.

At present, the international gold price does not have a long-term upward trend, and domestic gold prices have begun to fall due to this impact. Except for the three main brands of Saturday, Lao Fengxiang and Weekly Dasheng , the gold prices in the other gold shops have fallen below 490 yuan per gram. This is the gold price announced on the official website today, for reference only:

Beijing time 15:05, spot gold rose 1.02% to 1638.82 USD/oz; the main contract of COMEX gold futures rose 0.78% to 1646.1 USD/oz; the USD index fell 0.48% to 113.569. After rising above the important integer mark of $2,000 in March, gold prices have fallen by more than 20% as the Fed's rapid rate hike has reduced the attractiveness of interest-free asset gold and pushed the dollar to years highs.

Fed officials downplayed rising volatility in global markets on Monday (September 26) and said their priority remains to control inflation. As economic uncertainty intensifies, gold's risk-averse function cannot stop the selling trend.

Cleveland Fed Chairman Mester pointed out that financial market volatility will affect investor decisions, and the U.S. dollar exchange rate trends do affect the U.S. economy. "But as far as our goals are concerned, we will formulate our policies in order to restore price stability," she believes that it is better to do more than do less to control inflation.

was asked at an event held by the Washington Post whether it felt that U.S. investors were too optimistic about Fed policy before the recent (stock market) big sell-off began, and Atlanta Fed Chairman Bostic said it didn't matter, "I don't know if they were too optimistic or not optimistic enough... More importantly, we need to control inflation.Before this happens, I think the market will fluctuate greatly in all directions. "

IG market strategist Yeap Jun Rong said that the US bond yield and the US dollar fell slightly, which may provide some room for gold prices to stabilize after the recent sell-off. "But inflation is generally upside risks, so tightening of monetary policy remains the main obstacle to limiting gold's upside. ”

Although there are some huge selling pressure in the gold market, a new report from the World Gold Council says investors need to look at the recent price trends correctly compared to the larger volatility in the financial market.

Juan Carlos Artigas, global research director at the World Gold Council, said in his latest report: “In fact, gold performs much better than the inflation-linked bond , both in the United States and elsewhere. We believe that gold performance so far this year reflects the behavior of its potential drivers. Gold performs relatively well in all respects, which proves its global appeal and can respond more nuancedly to a wider range of variables. ”