Today, the international spot gold price weakened significantly during intraday trading, dropping by 2%, with the latest quote at $4,508.26 per ounce. As a popular precious metals investment target, short-term fluctuations in gold prices are often influenced by multiple factors such as the US dollar's performance, global macroeconomic data, and market risk aversion sentiment. This notable intraday decline has also attracted considerable attention from precious metals investors.

The price of gold in the over-the-counter market fell below $4,500 per ounce, with an intraday decline of 2% on the same day.

Mohamed El-Erian, Chief Economic Adviser at Allianz, stated that today's movements in the US Treasury yield curve send two signals. The spread between the 2-year and 10-year yields narrowed by about 7 basis points, and the spread between the 2-year and 30-year yields narrowed by about 10 basis points, showing a flattening trend. El-Erian believes this reflects a dual interpretation in the fixed-income market: in the short term, it is a hawkish repricing by the market after Federal Reserve Chair

Waller forced to provide "forward guidance" as the Federal Reserve is cornered

According to the operating data released by the Russian oil company for the first half of the year, the company's total revenue reached 4.289 trillion rubles, showing a slight increase of 0.6% compared to the same period last year. The net profit attributable to the company was 200 billion rubles, representing a year-on-year decrease of 18.4%. In terms of production, the company's total output of oil, gas, and condensate in the first half of the year reached 89.8 million tons, equivalent to an