The trend of the US dollar may become a catalyst for gold to break through the range Golden Finance reported that gold futures rose, reversing the previous trading day's decline. Trade Nation's David Morrison pointed out that over the past 10 weeks, gold has remained in a range of fluctuations overall. Traders closely monitor the trend of the US dollar, as a weaker dollar may make gold priced in US dollars cheaper for international buyers, increasing demand for gold. Morrison stated that factors that could trigger fluctuations in the US dollar include the Federal Reserve meeting minutes released on Wednesday and Powell's speech at Jackson Hole on Friday.

Rising Realized Price metrics show investors continue to accumulate despite pullback.

Tether Treasury to mint 1 billion USDT on Ethereum According to Whale Alert monitoring, at 19:37 Beijing time, Tether Treasury minted an additional 1 billion USDT on the Ethereum network, worth approximately $1.0066 trillion.

The current price of ETH is $4156.40, with a decrease of 3.32% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 11.14 million US dollars, with multiple orders being the main liquidation and ETH liquidation of 4.84 million US dollars (43.45%). The data is for reference only.

Pan Sen Macro: The European Central Bank may still cut interest rates again in September According to a report by Golden Finance, Melanie Debono from Pan Sen Macro wrote that although there are no signs of easing inflation in the eurozone, the European Central Bank may still cut interest rates again in September. The data shows that the annual inflation rate in the eurozone remained unchanged at 2.0% in July, and the core inflation rate also remained stable. Debono stated that with the acceleration of food inflation and the impact of the oil price base effect, Eurozone inflation may rebound again in the remaining months of this year. However, she pointed out that the European Central Bank would consider the volatile market and the weakness of the US economy as sufficient reasons to lower interest rates to 1.75% at its September meeting. If there is a decline in core inflation in August, this measure will be further consolidated.