The Zhitong Finance App learned that gold stocks fluctuated higher. As of press release, Shandong Gold (01787) rose 3.35% to HK$19.15; Chifeng Gold (06693) rose 3.18% to HK$35.7; Zijin Gold International (02259) rose 2.73% to HK$142.8; and Zhaojin Mining (01818) rose 1.49% to HK$17.76.

According to the news, the Federal Reserve's ticket committee and New York Federal Reserve Chairman John Williams said that after the September rate hike, “there is no need to rush to act”; if the economy meets expectations, interest rates may be raised again this year; more data will help the Federal Reserve decide the next direction of interest rate policy; it is essential to bring inflation back to the 2% target level. After Williams said “there is no rush to act,” traders cut their bets on the Fed's interest rate hike in October, and the market's expected probability of the Fed's interest rate hike in October fell from about 70% to about 50%.

Due to reasons such as the release of US reserves and the gradual recovery of crude oil flows from the Middle East, international oil prices fell significantly, while gold prices rebounded from an eight-week low. Spot gold was once higher at 4,187 US dollars this morning, then declined somewhat. CITIC Futures believes that the continuation of the rebound in gold depends on whether cooling growth can drive real interest rates back down. The next focus will be on PCE inflation and non-farm payrolls: easing inflation and cooling employment are conducive to reducing austerity pressure.

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