On Monday (September 7th), in the context of stable global stock markets and the US dollar, the price of gold continued to decline slightly, falling below the level of $1,120 per ounce, once hitting a two-and-a-half-week low of $1116.2 per ounce. After the Asian market opened on Tuesday, the price of gold was around $1,119 per ounce. Analysts said that the gold market, which had not been able to gain any momentum in the previous market chaos, is still difficult to find, and investors are keeping a close eye on US monetary policy. Citibank analyst David Wilson said: "In the case of poor performance of the Chinese stock market or the depreciation of the renminbi, gold has not performed very well. People think that the price of gold will rise, but there is no, so lost interest." Wilson also said: "The market has assumed that there may not be a rate hike in September, so if there is any new development, if the Fed raises interest rates, then the gold market is facing more downward pressure." The gold market fell for the second consecutive week last week, and so far this year, the price of gold has fallen by more than 5%. Traders said that the gold market will continue to be under pressure from the Fed's uncertainty in raising interest rates before the Fed's FOMC meeting from September 16th to 17th. The Fed has always said that the time to raise interest rates is largely dependent on data. The US non-agricultural data released in August last Friday showed that although the number of new jobs in August was less than expected, the unemployment rate fell to its lowest level since 2008. Carsten Menke, an analyst at Julius Baer, ​​said: "For those who expect the Fed to postpone interest rate hikes, this data is very good, and for those who think the Fed will raise interest rates, Not enough, so the gold market is stuck in a volatile area." This week, the Chinese market returned after a four-day holiday, and the Shanghai Gold Exchange (SGE) gold price rose around $4 per ounce, showing a relatively stable buying interest. Polyester Maxi Dress,Polyester Spandex Dress,Polyester And Spandex Dresses,Polyester Spandex Maxi Dresses ShaoXing Siyi Garment co.Ltd , https://www.siyigarment.com