最新报道：According to Bijie.com, gold (XAU/USD) failed to stage a meaningful rebound after a weak start to the week as the market reacted to easing geopolitical tensions and mixed macroeconomic data releases from the United States (US). Activity-related data from the US and comments from Federal Reserve (Fed) officials could drive XAU/USD's movement in the short term. Gold fell sharply after testing $3,400. As easing geopolitical tensions weakened safe-haven demand, gold came under heavy selling pressure on Monday, falling over 1.5% daily. Growing optimism about a resolution to the Russia-Ukraine conflict, fueled by the announcement of a meeting between US President Donald Trump and Russian President Vladimir Putin, buoyed market sentiment at the start of the week. On Monday afternoon, US President Trump announced that he would postpone tariffs on Chinese imports for 90 days. In response, China's Ministry of Commerce announced earlier on Tuesday that it would suspend the designation of some US companies on the unreliable entity list for 90 days and would also suspend the imposition of additional tariffs on US goods for 90 days. Following Monday's sharp decline, gold found support around $3,350 on Tuesday as July U.S. inflation data fueled expectations of three Federal Reserve (Fed) rate cuts for the rest of the year and sent Treasury yields lower. The U.S. Bureau of Labor Statistics (BLS) announced that the annual inflation rate, measured by the change in the Consumer Price Index (CPI), remained stable at 2.7% in July. Month-over-month, the CPI and core CPI rose 0.2% and 0.3%, respectively, in line with analysts' expectations. Annually, the core CPI rose 3.1%, up from 2.9% in June. According to the CME FedWatch Tool, the probability of the Federal Reserve cutting its policy rate by a total of 75 basis points this year rose to over 55% from around 40% before the inflation report. Amidst a lack of major data releases, gold traded in a narrow range on Wednesday, closing little changed. On Thursday, the BLS released monthly data showing that the Producer Price Index (PPI) rose 3.3% in July, significantly higher than the 2.4% increase in June. Both the PPI and core PPI rose 0.9% on a monthly basis. The strong producer inflation data led the market to reassess the Federal Reserve's policy outlook, opening the door for a rebound in US Treasury yields and causing gold to extend its weekly decline. Mixed data releases from the US failed to elicit a significant market reaction, keeping gold in the lower half of its weekly range. US retail sales rose 0.5% month-over-month in July, while industrial production contracted 0.1%. Finally, the University of Michigan's preliminary consumer confidence index for August fell to 58.6 from 61.7 in July. Gold investors awaited the PMI data and Powell's speech in Jackson Hole. Geopolitical factors could drive gold valuations early this week. If the Russia-Ukraine conflict does not de-escalate after the Trump-Putin meeting, gold could benefit from safe-haven flows. On Wednesday, the Federal Reserve will release the minutes of its July policy meeting. Since this meeting took place before the release of the latest employment and inflation data, the minutes may be outdated in terms of providing new clues to the policy outlook. On Thursday, S&P Global will release preliminary August Manufacturing and Services Purchasing Managers (PMI) data. A sharp decline in the Services PMI for July (to 55.7) could negatively impact the USD. On the other hand, if the Manufacturing PMI rebounds above 50 and the Services PMI approaches July's level, the USD may remain resilient against other currencies and make it difficult for the XAU/USD pair to gain upward momentum. On Friday, Fed Chairman Jerome Powell will speak at the Jackson Hole Symposium. Powell's speech could trigger a sharp reaction in US Treasury yields and increase gold volatility by the end of the week. Recent comments from Fed officials highlight divergent views on the policy outlook. While some policymakers have advocated for multiple rate cuts this year, others believe the uncertain inflation outlook warrants a more cautious approach to easing. Fed Governor Michelle Bowman recently stated that the latest soft labor market data underscores her concerns about labor market vulnerabilities and strengthens her forecast that three rate cuts may be appropriate this year. Kansas City Fed President Jeffrey Schmid, on the other hand, believes the limited impact of tariffs on inflation warrants maintaining policy rather than cutting rates. If Powell downplays the disappointing jobs data and suggests they need time to assess inflation dynamics following the first rate cut of the year, investors may refrain from pricing in three rate cuts this year. This scenario would help push Treasury yields higher and drag gold lower. Conversely, if Powell expresses growing concern about deteriorating labor market conditions, investors may maintain hopes for a 75 basis point rate cut in 2025. Gold Technical Analysis: Gold's near-term technical outlook points to a neutral stance.The Relative Strength Index (RSI) indicator on the daily chart is moving sideways around 50, and gold is fluctuating around the 20-day and 50-day Simple Moving Averages (SMAs). A pivot level appears to have formed between $3,355 and $3,360 (20-day SMA, 50-day SMA). If gold fails to reclaim this level, technical sellers may continue to show interest. In this case, $3,305 to $3,285 (100-day SMA, Fibonacci 23.6% retracement of the January-June rally) could be considered the next support area, followed by $3,200 (a static level, a round number). If gold stabilizes above $3,355 to $3,360 and converts this area into support, the next resistance level could be found at $3,400 (a static level, a round number), before moving on to $3,430 (a static level).