$BTC Gold continues to fall, Powell + terrifying data strikes, beware of a blow tonight!!!

Gold prices have declined for the second consecutive day, with the Asian market falling below 3150, hitting a new low in a month. The easing of trade tensions and significantly lowered expectations for interest rate cuts have pushed U.S. Treasury yields to high levels, suppressing safe-haven demand.

At 20:30 tonight, retail sales and PPI data will be released, followed by Powell's speech at 20:40. The core focus: whether he will reaffirm a hawkish stance and how he will assess inflation targets and policy framework.

Market sentiment is tense; if Powell reinforces the attitude of 'maintaining high interest rates', gold may face further corrections.

Tonight is not only a data night but also a night of direction.