Gold prices have slightly retreated but remain steady at a one-month high.

Jin10 data, July 22 - Although the dollar has regained some ground, leading to a softening in gold futures, gold prices remain near a one-month high. Chris Weston, head of research at Pepperstone, stated that there has been a noticeable rebound in gold investment volume since the beginning of this week, and gold prices have strongly broken through the narrow fluctuation range since early July. Weston noted that the current trend in gold is still mainly driven by the dollar. As the August 1 deadline for U.S. tariffs approaches, combined with the policy uncertainty that may arise from the early announcement of the Fed chair nominee, any rebound potential for the dollar will be limited. This market environment will continue to provide support for gold.