US dollar rebounds, gold price rebounds below $2,500 mark The market is waiting for Powell's speech

On Thursday (August 22), the US dollar index broke away from its annual low and expanded its gains during the release of US PMI and existing home sales data, ultimately closing up 0.338% at 101.52. The collective rebound in US bond yields saw the benchmark 10-year US bond yield close at 3.857%; The two-year US Treasury yield, which is more sensitive to monetary policy, recovered from the 4% mark and ultimately closed at 4.016%.

On Thursday (August 22), after the latest data showed that the US real estate market had ended four consecutive months of decline and met expectations in July, gold prices fell to a new intraday low. Spot gold fell 1.7% at its deepest point, falling below $2500, and finally closed down 1.1% at $2484.57.

On Thursday (August 22), with the Federal Reserve's interest rate cut imminent and the slim hope of reaching a ceasefire agreement in Gaza, international oil prices rebounded after being oversold. WTI crude oil ultimately closed up 1.45% at $72.92; Brent crude oil ultimately closed up 1.34% at $77.08.