Gold is in a state of fluctuation, and the US Treasury Secretary even suggested a 50 basis point interest rate cut!

· The latest data from the U.S. Treasury Department shows that the total amount of U.S. debt has exceeded $37 trillion for the first time. This news is negative for the U.S. dollar. · The U.S. unadjusted CPI annual rate in July remained unchanged from the previous month, recording 2.7%; the unadjusted core CPI annual rate in July rose to a five-month high, recording 3.1%. After the data was released, traders increased bets on a Fed rate cut in September. This news is bearish for the dollar. · US Treasury Secretary Besant: The Fed should consider cutting interest rates by 50 basis points in September. This news is bearish for the dollar.