In the Asia morning market, international gold markets are slightly weaker. Spot gold prices fluctuate and fall, down 0.2% on the day, with a price of 4,759.29 US dollars per ounce, as the race between hedging and inflation intensifies.

Geopolitical conflicts in the Middle East continue, driving oil prices higher and worsening market concerns about rising inflation. With expectations of high inflation, market concerns about monetary policy tightening increase. In the short term, gold is affected by both sentiment and funding conditions, showing a fluctuating consolidation pattern.

Geopolitical risk provides support for gold prices, but changes in policy expectations triggered by inflation are the main factor weighing on gold prices at the start of trading. With both sides engaged in a fierce contest, the short-term gold trend will closely follow inflation data, oil price fluctuations, and the geopolitical situation.

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