Pay attention to the signals given by the Federal Reserve, and the price of gold may record a weekly decline.

Jinshi data, August 9th news, gold prices were restrained on Friday, and they are expected to set the largest weekly decline since June 7th this week. Investors are waiting for further clues to judge the extent of the possible interest rate cut in September in the United States. KCM Trade's chief market analyst Tim Waterer said that gold prices were relatively stable today, and investors took a break after a roller coaster-like week. Three Federal Reserve officials said on Thursday that Fed policymakers believe that cooling inflation will make future rate cuts possible, and the rate cut will be guided by economic data rather than stock market fluctuations. Tim Waterer believes that fundamentally, gold will benefit from the warming of risk aversion sentiment or the expectation of a relaxed monetary environment. Various situations may arise in the coming months, which may push gold prices to historical highs.