Last Friday, due to Powell's speech at the Jackson Hole Conference boosting market expectations for a rate cut in September, the US dollar index plunged during trading and ultimately closed up 0.4934% at 97.7, marking the largest daily decline since early August and wiping out all gains for the week. The yield of US Treasury bonds generally fell, with the benchmark 10-year yield closing at 4.264% and the 2-year yield closing at 3.709%. Last week, hardware prices surged 1% as Federal Reserve Chairman Powell's speech at the Jackson Hole Annual Central Bank Seminar was like a timely rain, dispelling market concerns about inflation and igniting investors' eager anticipation for a September rate cut. This not only drives a strong rebound in gold prices, but also causes a significant drop in the US dollar exchange rate, ushering in a new wave of bullish sentiment in the gold market. Despite the sluggish physical demand in Asia, both professional analysts on Wall Street and ordinary investors are confident in the prospects of gold. Given the ongoing uncertainty surrounding a potential peace agreement between Russia and Ukraine, international crude oil remained stable and rose for the first time in three weeks last week. WTI crude oil remained above $63, ultimately closing up 0.36% at $63.65 per barrel; Brent crude oil ultimately closed up 0.25% at $67.32 per barrel.