The market is waiting to see next week's U.S. interest rate discussion, and gold prices fell 1%

Inflation in the United States last month was higher than expected, and the market is waiting to see the Federal Reserve's interest rate meeting next week. Spot gold prices fell by more than 1%. As for New York gold futures, it closed at $2,166.1 an ounce, down $22.5, or about 1%.

The market is waiting to see next week's U.S. interest rate meeting, spot gold prices fell by more than 1%

According to the latest data, U.S. inflation figures last month were higher than market expectations, triggering investors to wait and see next week's Federal Reserve interest rate meeting. This situation caused the spot gold price to drop by more than 1%.

New York gold futures closing price

The closing price of New York gold futures was US$2,166.1 per ounce, down US$22.5 from the previous trading day, a decrease of approximately 1%. This downward trend is closely related to the market's wait-and-see attitude toward the direction of the U.S. economy.

Investors’ views on gold prices

Currently, investors are divided on gold prices. Some investors believe that rising inflationary pressure in the United States may lead the Federal Reserve to prudently adjust monetary policy, thereby affecting the trend of gold prices. Other investors believe that the drop in gold prices may be just a temporary adjustment and there is still room for growth in the future.

Uncertainty in financial markets

Overall, there is currently great uncertainty in the financial market. Investors should pay close attention to the policy direction of the U.S. Federal Reserve and changes in the global economic situation, and adjust investment strategies in a timely manner to respond to market fluctuations.