The Italian Ministry of Finance has announced its issuance plan: at the government bond auction to be held on August 26, up to 3 billion euros worth of short-term Italian government bonds (BTPs) will be issued.

The price of New York gold futures surged past $4,680 per ounce, with an intraday increase of 2.38%. As a widely recognized safe-haven asset, the sharp rise in gold prices is often closely linked to various market factors, such as global geopolitical fluctuations, movements in the US dollar exchange rate, and changes in inflation expectations. Subsequent price trends are also drawing significant attention from investors.

ConocoPhillips rises for six consecutive days, aiming for a record closing high

Spot gold prices surpassed $4,620 per ounce with a daily increase of 2.25%. As a safe-haven asset, gold has recently been affected by global macroeconomic uncertainties, rising inflation expectations, and continued gold purchases by central banks in multiple countries. The overall price trend remains strong, and this significant intraday rise further highlights the increased market demand for gold allocation.

Goldman Sachs: Surge in Bullish Gold Option Demand May Amplify Gold Price Volatility