金价抹去今年全部涨幅，国际金价继续下探

Odaily Planet Daily News: After falling during the Asian session on the 10th, international gold prices continued to decline during the European trading session that day, briefly breaking below the $4,200 per ounce mark and 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 New York Mercantile Exchange were trading at $4,188.70 per ounce, down 2.28%. Based on the current price, international gold prices have fallen by a cumulative 3.51% since the start of the 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. job market remain resilient. In the face of upside inflation risks triggered by the Middle East conflict, the market has recently been betting more heavily that the Federal Reserve's monetary policy path will shift towards raising interest rates in the second half of the year. According to the CME FedWatch Tool, the market currently estimates that 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 starts raising interest rates, it will weaken the appeal of non-interest-bearing assets such as gold. (China Central Television Finance)