For a long time, domestic gold pricing has been affected by fluctuations in international gold prices. As international gold rose for two consecutive days, domestic Laomiao Gold and Zhou Shengsheng Gold have also begun to adjust the gold prices. However, the overall fluctuation i

For a long time, domestic gold pricing has been affected by fluctuations in international gold prices. With the rise of International gold for two consecutive days, domestic Laomiao Gold and Zhou Shengsheng Gold have also begun to adjust the gold prices, but the overall fluctuation is not large, and the rest of the gold shops are still in an observation state. Today's gold price has not been adjusted. This is the gold price announced by the official website of the Gold Shop today, for reference only:

look at international gold again. Since the US inflation data will be released tonight, once the data is released, the market speculates that excessive interest rate hikes should come to a conclusion, so the daytime trading is relatively light and the range fluctuates in a narrow range.

US Consumer Price Index data will be released at 20:30 Beijing time on Thursday, with an expected year-on-year increase of 8.1% in September. With the rise in the U.S. producer price index (PPI) for September released overnight, which exceeded expectations, investors expect consumer inflation to remain stubbornly high. US inflation data will affect the scale of the next rate hike of the Federal Reserve and provide a new directional driving force for gold prices.

If inflation slows down, the Fed will have reason to slow down interest rate hikes or may suspend interest rate hikes. However, any rise in gold prices may be regarded as an opportunity for to short selling , and the short-term upward trend will quickly dissipate. But bearish traders may wait for the price to fall below the $1,660 area before setting up new bets.

The minutes of the Fed's September policy meeting released overnight showed that Fed policymakers agreed they need to take a stricter policy stance and then maintain it for a while to reduce inflation. Many Fed officials “stress that the cost of taking action to reduce inflation may outweigh the cost of taking too much.” Many officials said they have raised their assessment of the rate hike paths that may be needed to achieve the committee’s goals.

US MONEX trade director Juan Perez said: "It's obvious that they will continue to raise rates because they seem to feel that if they don't do that, inflation may really get out of control. So basically there is no big surprise when looking at the minutes. U.S. minutes are about to say, they do think you need to reach some very high interest rates to really cool down the economy. Officials are weighing the risks of excessive rate hikes, but that's not the top priority at the moment, and the primary concern is still high inflation, which will be good for the dollar as long as the Fed is willing to fight it."”

Sanders MORRIS HARRIS Chairman GEORGE BALL said: “The minutes of the meeting confirm the Fed’s commitment to combat inflation. The Fed will definitely continue to discuss and implement additional rate hikes, otherwise everything that has been done to combat inflation so far will be futile. Although inflation has peaked, the road to returning to 2% will be long and bumpy. We believe that market sentiment will continue to remain negative until mid-November, when Fed officials may start to signal that interest rate hikes will be suspended sometime in early 2023. ”