Message
The geopolitical situation in the Middle East has not significantly escalated, and risk aversion has temporarily eased; the U.S. CPI data will be released tomorrow night, and the market's expectations for a Federal Reserve rate cut are once again wavering, causing fluctuations in the dollar and U.S. Treasury yields, which suppresses the rebound potential of gold prices. At the same time, global central banks continue to purchase gold, providing bottom support for gold prices, limiting the downside potential, and the adjustment is a technical digestion following a significant increase.