Constrained by three factors, the Federal Reserve is likely to postpone raising interest rates this week.

Crude oil trading alert: Escalating tensions between the US and Iran have driven a return of safe-haven buying, leading to a significant rebound in US crude oil prices, which are now continuing to fluctuate widely.

US crude oil prices rose by about 5% at one point, as the Iranian attack triggered geopolitical risks, and OPEC+ may suspend production increases starting in October.

Top Oil prices have recently come under pressure and fallen, but risks are lurking in the physical oil market.

Top Australian inflation unexpectedly plummeted, cooling expectations for a Reserve Bank of Australia rate hike, and the Australian dollar briefly hit a more than two-week low.

A chart: A summary of "pivot points + long/short position signals" for gold, crude oil, forex, and stock indices on July 29, 2026.

The continued tightening of the refined oil market is putting upward pressure on global inflation.

On the eve of the FOMC meeting: Rate hike bets intensify, hedging demand hits record high.

Strategist: The Fed is expected to remain on the sidelines this summer, and gold is likely to maintain a range-bound trading pattern. A clear trend is not expected until after September.

The dream of interest rate cuts is shattered, and the specter of interest rate hikes reappears—how will the most perplexing Fed meeting of 2026 ignite global markets?

Inflation concerns coupled with the upcoming Federal Reserve interest rate meeting have led to continued consolidation in gold prices.

The USD/JPY pair remains range-bound around 163.70, awaiting signals from the Federal Reserve.

Constrained by three factors, the Federal Reserve is likely to postpone raising interest rates this week.

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XAU 4034.91

6.49 0.16%

Update Time ：13:52:04

XAG 57.827

0.744 1.30%

Update Time ：13:52:04

CONC 82.07

2.81 3.55%

Update Time ：13:52:02

OILC 84.50

2.73 3.34%

Update Time ：13:51:52

USD 101.265

-0.145 -0.14%

Update Time ：13:51:15

EURUSD 1.1399

0.0013 0.12%

Update Time ：13:52:01

GBPUSD 1.3300

0.0011 0.09%

Update Time ：13:52:03

USDCNH 6.7707

0.0000 0.00%

Update Time ：13:52:04

Latest News

Gold

Forex

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Strategist: The Fed is expected to remain on the sidelines this summer, and gold is likely to maintain a range-bound trading pattern. A clear trend is not expected until after September.

2026-07-29 10:34:03

Inflation concerns coupled with the upcoming Federal Reserve interest rate meeting have led to continued consolidation in gold prices.

2026-07-29 10:08:05

Gold and silver prices fell as the risk of interest rate hikes suppressed safe-haven buying.

2026-07-28 21:48:06

The probability of an interest rate hike has risen to 36%, but silver bulls are not most worried about interest rate decisions.

2026-07-28 21:00:05

Falling oil prices eased inflation concerns, while silver continued its decline to near the lower edge of its trading range, awaiting stabilization.

2026-07-28 15:18:05

Institutional research report: Major Asian powers are supporting the $4,000 mark, and gold pricing power is gradually shifting eastward.

2026-07-28 13:16:05

Market Analysis

Iran confronts US military, destroying its aircraft; oil prices rise accordingly.

2026-07-17 18:24:13

Eight common misconceptions about the Producer Price Index (PPI)

2026-06-12 01:51:16

Escalating tensions in the Middle East fuel inflation concerns and risks of an economic slowdown, sending LME copper to a three-week low.

2026-06-11 14:54:40

US Dollar Analysis: Ceasefire Agreement Progress and PCE Revision Unlikely to Change Dollar's Strong Baseline

2026-05-29 20:07:58

Demand for artificial intelligence is driving up copper prices, while a surge in US imports exacerbates concerns about global supply shortages.

2026-05-28 14:48:57

The yield on 10-year US Treasury bonds is under pressure at high levels, and a downward correction is highly probable.

2026-05-20 20:41:46

Central Bank Rates

Central Bank	Current Rate	Next Forecast	Last (Non-zero) Change (Basis Points)	Historical High	Historical Low	Latest CPI
Federal Reserve	3.5-3.75 2026-06-17	3.75 2026-07-29	-25 2025-10-30	20 1980-03-04	0-0.25 2008-12-27	3.5
European Central Bank	2.4 2026-07-23	待预测	25 2026-06-11	4.75 2000-10-05	0.00 2016-03-16	2.8
Bank of Japan	1 2026-06-16	1 2026-07-31	25 2026-06-16	9.00 2008-10-31	-0.10 2016-01-29	1.7
Bank of England	3.75 2026-04-30	3.75 2026-07-30	-25 2025-12-18	17 1979-11-15	0.1 2020-03-26	2.6
Swiss National Bank	0 2026-06-18	待预测 2026-09-24	-25 2025-06-19	3.5 2000-02-03	-0.75 2015-01-15	0.5
Reserve Bank of Australia	4.35 2026-05-05	4.35 2026-08-11	25 2026-05-05	17.00 1990-01-22	0.75 2019-10-01	4
Bank of Canada	2.25 2026-07-15	待预测	-25 2025-10-29	8.06 1995-02-23	0.25 2009-04-21	2.8
Reserve Bank of New Zealand	2.5 2026-07-08	2.5 2026-09-02	+25 2026-07-08	8.25 2007-07-26	0.25 2020-03-16	4.1

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Strategist: The Fed is expected to remain on the sidelines this summer, and gold is likely to maintain a range-bound trading pattern. A clear trend is not expected until after September.

Inflation concerns coupled with the upcoming Federal Reserve interest rate meeting have led to continued consolidation in gold prices.

Gold and silver prices fell as the risk of interest rate hikes suppressed safe-haven buying.

The probability of an interest rate hike has risen to 36%, but silver bulls are not most worried about interest rate decisions.

Falling oil prices eased inflation concerns, while silver continued its decline to near the lower edge of its trading range, awaiting stabilization.

Institutional research report: Major Asian powers are supporting the $4,000 mark, and gold pricing power is gradually shifting eastward.

Market Analysis

Iran confronts US military, destroying its aircraft; oil prices rise accordingly.

Eight common misconceptions about the Producer Price Index (PPI)

Escalating tensions in the Middle East fuel inflation concerns and risks of an economic slowdown, sending LME copper to a three-week low.

US Dollar Analysis: Ceasefire Agreement Progress and PCE Revision Unlikely to Change Dollar's Strong Baseline

Demand for artificial intelligence is driving up copper prices, while a surge in US imports exacerbates concerns about global supply shortages.

The yield on 10-year US Treasury bonds is under pressure at high levels, and a downward correction is highly probable.

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