USD dropped Thursday amid inflation and weak jobs; gold prices held steady.

On Thursday, the August inflation data in the United States was slightly hot, and the initial jobless claims data was weaker than expected, strengthening expectations of a rate cut by the Federal Reserve. The US dollar index fell in response and ultimately closed down 0.31% at 97.50. The yield of US Treasury bonds generally fell, with the benchmark 10-year yield closing at 4.0260% and the 2-year yield sensitive to the Federal Reserve policy rate closing at 3.5520%. On Friday (September 12th) morning trading in the Asian market, spot gold maintained an overnight volatile trend and is currently trading around $3635.18 per ounce. Although spot gold prices fell slightly by 0.2% to $3632.49 per ounce on Thursday, they are not far from the historical high set on Tuesday. On Tuesday, the gold price set a new record of $3674.36. Since the beginning of this year, the gold price has risen by 38%, which is not only due to geopolitical risks and inflationary pressures, but also deeply influenced by US economic data and expectations of the Federal Reserve's monetary policy. Due to concerns about weak US demand and the risk of widespread oversupply, international crude oil prices have fallen. WTI crude oil ultimately fell 2.37% to $62.23 per barrel; Brent crude oil ultimately closed down 1.88% at $66.32 per barrel.