Jinwu Financial News | Overnight, peripheral gold prices fell. Gold stocks generally fell. China Gold International (02099) fell 2.44%, Lingbao Gold (03330) fell 2.15%, Zijin Mining (02899) fell 1.69%, Shandong Gold (01787) fell 1.5%, and Zhaojin Mining (01818) fell 1.37%.
New York futures closed at $2479.7 an ounce, down 1.1%. US inflation rose slightly in July, and the market expects the Federal Reserve to cut interest rates by only 25 basis points in September, not 50 basis points, which may disappoint the market.