Zhongjin Wealth Futures: Gold continues to be weak, returning to rationality.

The US federal funds rate futures continued to decline, indicating a 76% probability of the Federal Reserve raising interest rates in September. Some institutions have significantly increased their expectations for interest rate hikes by the Federal Reserve this year, with Deutsche Bank predicting one rate hike in September and another in December, totaling 50 basis points. In addition to expectations of interest rate hikes, the volatility of US stocks also has a significant impact on the liquidity of gold, causing gold to continue to weaken and return to rational levels.