Svmuu News Following a decline during the Asian trading session on the 10th, international gold prices continued to fall during the European trading session that same day, briefly dipping below the $4,200 per ounce mark during the session, erasing all gains made since the beginning of the year. As of 17:15 Beijing time on the 10th, gold futures for August delivery on the COMEX were quoted at $4,188.70 per ounce, down 2.28%. Based on current prices, international gold prices have accumulated a decline of 3.51% so far this year. Analysts pointed out that the U.S. non-farm payroll data released last Friday significantly exceeded market expectations, indicating that the fundamentals of the U.S. labor market remain resilient. Facing upside risks to inflation triggered by the Middle East conflict, the market has recently been increasingly betting that the Federal Reserve's monetary policy path will shift towards rate hikes in the second half of the year. According to the CME's "FedWatch Tool," the market currently estimates the probability of the Fed raising interest rates by at least 25 basis points by the end of this year is close to 70%. Once the Fed begins to raise interest rates, it will diminish the appeal of non-yielding assets such as gold. (CCTV Finance)