Group 1 - The core point of the article is the recent decline in the U.S. Producer Price Index (PPI) for August, marking the first decrease in four months, which may provide a rationale for the Federal Reserve to consider interest rate cuts [1][3] - The August PPI data showed a month-on-month decrease of 0.1% and a year-on-year increase of 2.6%, indicating a potential easing of inflationary pressures [3][4] - The decline in PPI is primarily attributed to a drop in service costs, with service prices falling by 0.2% in August after a 0.7% increase in July, and wholesale and retail profit margins decreasing by 1.7%, the largest drop in over a year [4][5] Group 2 - The market reacted to the PPI data, with the 2-year Treasury yield falling by 4 basis points to 3.52% and the 10-year yield dropping by 2 basis points to 4.07%, indicating market expectations for a potential interest rate cut by the Federal Reserve [3][4] - The article emphasizes that the cautious pricing behavior of companies reflects their uncertainty about the economic environment, which could influence future inflation trends and the Federal Reserve's policy decisions [5] - The focus for investors should be on whether companies will begin to pass on tariff costs to consumers; if they do, inflation may experience fluctuations, but if they remain hesitant, the likelihood of steady interest rate cuts by the Federal Reserve increases [5]

Group 1 - The US dollar index rebounded by 0.5% from a two-week low, reducing the attractiveness of gold for buyers holding other currencies [1] - The US Producer Price Index (PPI) for July surged by 3.3% year-on-year, significantly exceeding the market expectation of 2.5% [1] - The core PPI for July increased by 3.7% year-on-year, up from 2.6% in June and above the expected 2.9% [1] - The month-on-month PPI for July rose by 0.9%, far surpassing the market forecast of 0.2%, marking the largest increase since June 2022 [1] - These data points dampened hopes for a Federal Reserve rate cut in September, with the probability of a 25 basis point cut dropping from 94.3% to 90.4% after the PPI release [1] Group 2 - The daily chart for gold shows prices below the flat 20-day simple moving average (SMA) around $3357 per ounce, indicating dynamic resistance [2] - The 100-day SMA is still moving upward but has lost upward momentum near $3301.80 per ounce [2] - Technical indicators remain neutral, with the Relative Strength Index (RSI) slightly declining, consistent with the ongoing weakness in gold prices [2] Group 3 - In the short term, the risk for gold prices is tilted downward, with prices trading below all moving averages [3] - The 20-period SMA is gaining downward traction between the directionless 100-period and 200-period SMAs [3] - Technical indicators are flattening but remain in negative territory, reflecting a recent rebound from lows without indicating further recovery [3] Group 4 - The daily chart for gold (XAUUSD) indicates a bearish bias [4] - Resistance levels are identified at 3342, 3357, and 3360, while support levels are at 3323, 3302, and 3282 [4] - Momentum is strong, with a quantitative cycle greater than three years and a reference value of ≥67.1% [4] Group 5 - The daily chart for the Euro against the US dollar (EURUSD) shows a bullish bias [5] - Resistance levels are at 1.1678, 1.1700, and 1.1721, while support levels are at 1.1634, 1.1581, and 1.1531 [5] - Momentum is moderate, with a quantitative cycle greater than three years and a reference value of ≥67.1% [5] Group 6 - Key economic indicators to watch include US retail sales for July, industrial production for July, initial expectations for the one-year inflation rate in August, and June commercial inventory month-on-month [5]

Group 1 - The core viewpoint of the articles revolves around the impact of recent economic data on gold prices, particularly the expectation of a Federal Reserve rate cut in September, which is seen as a catalyst for gold's potential upward movement [1][2] - The latest inflation data has strengthened market expectations for a rate cut, with the probability of a cut rising from 86% to 94% according to the CME FedWatch tool, driven by weak employment data and stable inflation [2] - The extension of the US-China tariff truce for 90 days until November 10 has provided stability to the gold market, enhancing its appeal as a hedge against geopolitical risks [2] Group 2 - Technical analysis indicates that gold prices are currently fluctuating around the middle band of the Bollinger Bands, with signs of potential upward movement on the daily chart, while the 4-hour chart shows a more bearish outlook [3][5] - The resistance level for gold is identified at around $3360, with a potential for a downward trend if this level is breached [3][5] - Suggested trading strategies include short positions on rebounds near $3357-$3360 and long positions on pullbacks near $3315-$3320, emphasizing the importance of stop-loss measures [4][5]

Group 1 - The Producer Price Index (PPI) in Australia for the second quarter increased by 3.4% compared to the same period last year [1]

Group 1 - The Producer Price Index (PPI) in South Korea increased by 0.5% year-on-year in June, compared to a 0.3% increase in the previous month [1]

Group 1 - The core point of the article indicates that Germany's Producer Price Index (PPI) for June decreased by 1.3% year-on-year, matching market expectations and showing a slight decline from the previous value of -1.2% [1]

Group 1 - The core viewpoint of the news indicates that the gold market is currently experiencing a bearish trend, with prices fluctuating around $3336.89 to $3352.19 per ounce, reflecting a slight decline of 0.22% [1] - The U.S. Producer Price Index (PPI) for June unexpectedly remained flat, contrasting with the market expectation of a 0.2% increase, which suggests that inflationary pressures may be easing, providing support for gold prices [3] - The Federal Reserve's Beige Book highlights the widespread impact of tariffs on the economy, with businesses reporting rising cost pressures being passed on to prices, which enhances gold's long-term value as a hedge against inflation [3] Group 2 - The daily gold price chart shows a pattern of highs and lows, indicating a volatile trading environment, with the price reaching a high of $3377 and a low of $3320, suggesting a potential consolidation phase [4] - The Bollinger Bands on the 4-hour chart are narrowing, indicating limited price movement, with gold prices expected to oscillate between $3370 and $3320 in the short term [5]

Core Viewpoint - The recent fluctuations in gold prices are influenced by geopolitical tensions, U.S. monetary policy uncertainty, and trade disputes, which have heightened market volatility and increased demand for gold as a safe-haven asset [3][4]. Fundamental Analysis - The independence crisis of the Federal Reserve and President Trump's comments about possibly firing Powell have caused market turbulence, leading to a drop in the dollar index and a rise in gold prices [3]. - Market expectations for a potential interest rate cut by the Federal Reserve in September have increased due to economic slowdown forecasts, which may favor gold prices [3]. - The U.S. Producer Price Index (PPI) for June remained flat month-on-month, easing concerns about immediate tightening of monetary policy, while year-on-year PPI showed an increase, indicating potential long-term inflation risks that could benefit gold [3]. - Geopolitical risks, particularly Israel's airstrikes in Syria, have intensified market risk aversion, boosting gold demand [3]. - Trade tensions, including Trump's threats of tariffs on EU imports and a unified tax rate on over 150 countries, have raised inflation and economic growth concerns, prompting investors to seek gold as a hedge [4]. Technical Analysis - Gold is currently within a triangular convergence range since reaching 3500, with recent volatility observed [5]. - Key support levels include the 5/30-day moving average around 3342 and the 10/20-day moving average near 3332/3330, with a critical support level at 3319 [7]. - Resistance levels to watch are the recent high of 3377 and the 3400 area, which has previously acted as a resistance zone [7]. - The four-hour chart indicates a complex structure, with key levels at 3282 and 3247 to monitor for potential downward breaks [9]. Upcoming Focus - Key economic data releases to watch include U.S. retail sales for June and initial jobless claims for the week ending July 12, which could impact market sentiment and gold prices [4].

Group 1 - Gold prices showed an upward trend, recovering above the 3340 mark to reach 3341.60 USD/oz, with an increase of approximately 0.5% [1] - The rise in gold prices is primarily attributed to a slight decline in the US dollar and bond yields [1][3] - The US dollar index has retreated from a one-month peak, currently at 98.47, down about 0.15%, enhancing gold's appeal to holders of other currencies [3] Group 2 - The latest US CPI data exceeded market expectations, exerting significant downward pressure on gold prices [4] - The geopolitical situation remains unstable, causing fluctuations in risk aversion sentiment, which has not provided sustained upward momentum for gold prices [4] - From a technical analysis perspective, gold prices are currently above moving average support levels, but the overall trend remains unclear, with key resistance levels at 3350, 3360, and 3380, and support levels at 3320, 3300, and 3280 [4]

Core Point - France's Producer Price Index (PPI) increased by 0.2% year-on-year in May, compared to a previous value of -0.8% [1] Group 1 - The current PPI indicates a shift from deflation to slight inflation in the producer sector [1]