The market will gradually adapt to gold prices above $2,500 per ounce.

The market is waiting for the US July CPI data to be released on Wednesday.

Biden stated that he will fully support and endorse US Vice President Harris in obtaining the Democratic presidential candidate nomination.

Yesterday, influenced by the dovish expectations of the Federal Reserve, gold surged by more than $40, setting a historical record, closing at $2468.57 per ounce.

Kitonyi judged that gold bulls will demand the continuation of the current rebound in gold prices and rise to 2448 US dollars per ounce or higher at 2497 US dollars per ounce.

It is expected that the U.S. seasonally adjusted non-farm employment for June will increase by 190,000, significantly lower than the previous figure of 272,000.

Among the six traditional manufacturing industries in the United States, only the chemical products industry has achieved growth.

A string of weak economic data ignite interest in gold bulls.

Despite a strong demand for purchases, the risk factor for the rise in gold lies in the uncertainty of the Federal Reserve's monetary policy.

Looking ahead, UBS expects that gold may enter a consolidation period in the short term, but any price correction is an opportunity for investors to increase their holdings of gold. The continuous presence of geopolitical risks may provide support for the gold market in the long term.

U.S. Bureau of Statistics says January durable goods orders plunged 6.1%, affected by a significant decline in commercial aircraft bookings。This is the biggest drop since April 2020.。

U.S. government data released on Monday showed that sales of new single-family homes rose at an annualized rate of 1.5% to 66.10,000 sets。

Analysts speculate that U.S. core PCE growth may accelerate to zero in January.4%, the resurgence of inflation superimposed on the resilience of the U.S. economy, the market's interest rate cut expectations may be suppressed again.。

U.S. February Markit Manufacturing PMI Initial 51.5, a 17-month high, expected 50.7, pre-January value 50.7。Among them, the order indicator climbed to its highest level since May 2022。

The exact timing of the first rate cut remains unclear, with most Fed officials also mentioning the risk of cutting rates too quickly。

Expectations of a Fed rate cut have been weighed down again after last week's inflation data, and the debate has now shifted to whether the Fed will start cutting rates in June or push the issue into late summer。

Analysts say traders have postponed expectations of a U.S. rate cut from March to June as the outlook for an early Fed rate cut cooled following last week's much higher-than-expected inflation data on the U.S. side。

Wall Street and retail price expectations diverge again, latest Kitco News weekly gold survey shows。

On Thursday, February 8, the U.S. dollar rose and gold fell as the U.S. announced fewer than expected initial jobless claims last week, indicating a continued strength in the labor market.。

According to media reports, traders, fearing a crisis in the banking sector, began to bet again that the Fed would cut interest rates five times this year, each by 0.25%。