US inflation up, rate hike bets cut. USD down, gold weak.

Last Friday, the US dollar index continued to decline throughout the day, breaking below the $98 mark during trading and ultimately closing down 0.36% at 97.82; The benchmark 10-year US Treasury yield closed at 4.321%, and the 2-year US Treasury yield closed at 3.763%. In the morning of Asian market on Monday (August 18), spot gold fluctuated in a narrow range. At present, it is trading near 3333 dollars/ounce. The market is generally concerned about the geopolitical situation. Ukrainian President Zelensky went to Washington on Monday to meet with US President Trump. Leaders of Germany, France, Britain, Italy and other countries as well as EU von der Leyen will accompany him. In addition, the Jackson Hole Central Bank Annual Meeting will also be held this week, and Federal Reserve Chairman Powell will deliver a speech, which is also the focus of the market this week. Crude oil fluctuated downwards, falling more than 1% within the day. WTI crude oil fell to a intraday low of $61.84 at one point, and ultimately closed down 1.22% at $62.26 per barrel; Brent crude oil ultimately closed down 1.04% at $65.60 per barrel.