美经济数据反复，金价冲高回落，短期或维持震荡格局丨黄金早参

Group 1 - Precious metal prices experienced a pullback after reaching a high, with COMEX gold futures dropping 3.14% to $3381.7 per ounce, marking a near two-week low [1] - The U.S. added non-farm payrolls were significantly revised downwards, maintaining expectations for a Federal Reserve rate cut in September, with the number of expected cuts for the year rising to around three [1] - The market anticipates that the Federal Reserve will open a rate cut window in September, providing some support for gold prices [1] Group 2 - The Producer Price Index (PPI) data released showed a rebound in producer inflation, which slightly reduced the probability of a September rate cut by the Federal Reserve [1] - The ongoing negotiations between the U.S. and Russia are intensifying the bullish and bearish dynamics in the precious metals market, with potential outcomes affecting gold price movements [1] - Long-term factors such as the gradual opening of the Federal Reserve's rate cut window, persistent U.S. twin deficits, and declining dollar credibility are expected to provide solid support for gold prices [1]