Inflation data boosts Fed rate cut bets, US dollar weakens, gold steady at $3350.

On Tuesday, the possibility of the Federal Reserve cutting interest rates next month was retained due to data showing that US inflation only rose moderately in July. The US dollar index plummeted rapidly, returning to around the 98 level, and ultimately closed down 0.44% at 98.03; The benchmark 10-year US Treasury yield closed at 4.294%, and the 2-year US Treasury yield closed at 3.741%. On Tuesday (August 12th), gold prices rose slightly, closing up 0.16% at $3348.02 per ounce. This small fluctuation may seem calm, but it stems from the mild performance of the latest inflation data in the United States, which not only maintains the expectation of the Federal Reserve's interest rate cut in September, but also triggers multiple chain reactions such as a weakening of the US dollar, adjustments in bond yields, and a record rebound in the stock market. Crude oil resumed its downward trend, and WTI crude oil began to decline during the European trading session, falling to a intraday low of $62.44 at one point before finally closing down 1.3% at $62.45 per barrel; Brent crude oil ultimately closed down 0.85% at $65.70 per barrel.