On Monday, Bank of Japan Governor Kazuo Noda released an important signal that negative interest rates may end, and the yen strengthened against major currencies across the board;

The Federal Reserve's expectation of tightening policy continues to strengthen, and see if the gold prices can stabilize above the 200 day moving average this week

Last Friday (September 8th), factors including cooling inflation, slowing employment growth, the upward trend of crude oil, and the US dollar index hovering around 105.00 caused market sentiment to shift towards safety, squeezing the upward space for gold prices. Meanwhile, due to the lack of US economic data on Friday, market risk sentiment and speeches by Federal Reserve officials will become key factors affecting the trend of gold prices. It is recommended that investors shift their focus to the US August inflation data released next week and continue to pay attention to the direction of the economy.

On Monday (September 8th) in the Asian session, spot gold rebounded slightly and is currently trading around $1925.29 per ounce. Although overnight data showed that the number of initial claims for unemployment benefits in the United States unexpectedly dropped to its lowest level since February last week, and the number of new claims for unemployment benefits dropped to its lowest level since July. The US dollar index once reached a nearly six-month high of 105.16, but currently the US dollar index has recouped all of Thursday's gains, Because the speeches of Federal Reserve officials basically reinforced the expectation of suspending interest rate hikes in September, this provided an opportunity for gold prices to rebound.