On the morning of August 1, the New York Mercantile Exchange gold futures contract price once broke through 2500 U.S. dollars / Sheng Division, reached 2502.8 U.S. dollars / ounce, a record high. The federal reserve hinted at the earliest September interest rate cuts, is one of the main reasons for the rise in international gold prices. On July 31, the federal reserve Yibu will federal funds rate target range unchanged at the level of 5.25%-5.5%, in line with market expectations.