Yihui Xie报道：继录得周线跌幅后，黄金继续走低。霍尔木兹海峡僵局令能源成本维持高位，也持续给美联储带来进一步加息的压力，以应对黏性通胀。
By Yihui Xie Gold dropped — following a weekly decline — as an impasse over the Strait of Hormuz kept energy costs elevated and maintained pressure on the Federal Reserve to raise interest rates further to combat sticky inflation.
金价约为每盎司4,265美元，上周累计跌幅超过2%。在美国总统唐纳德·特朗普拒绝伊朗提出的七天重开海峡方案后，油价上涨。特朗普告诉Axios，预计谈判将于本周恢复。伊朗表示，在特朗普拒绝其方案后，不会放宽重开海峡的条件。美伊冲突进入第八个月，布伦特原油价格今年以来上涨了70%。
Bullion was trading around $4,265 an ounce, after ending the previous week down more than 2%. Oil rose as Iran said it won’t soften its conditions for reopening the waterway after US President Donald Trump rejected its seven-day proposal to do so, telling Axios he expects negotiations to resume this week. The US-Iran conflict is entering its eight month, with Brent crude up 70% this year. Cleveland Fed President Beth Hammack said Friday that long-term Treasury yields are being driven higher by a stronger growth outlook, concerns about government debt and expectations for additional interest-rate increases. Fed officials voted unanimously mid-month to raise their benchmark interest rate by a quarter percentage point, and several have since pointed to signs that more rate hikes may be needed. Investors see about a 65% probability of a hike in October.
克利夫兰联储主席贝丝·哈马克周五表示，长期美债收益率受到更强增长前景、政府债务担忧以及进一步加息预期的推动上行。美联储官员于月中一致投票决定将基准利率上调0.25个百分点，此后数人指出，可能仍需进一步加息。投资者认为10月加息的可能性约为65%。
US consumer sentiment fell in September to a four-month low. In the bond market, the extra yield investors demand to hold 10-year Treasuries over two-year notes shrank to as little as 17 basis points last week, the slimmest gap since early 2025. This so-called flattening of the curve increases the possibility that it will soon yield less than shorter maturities, a phenomenon watched as an indicator of recession.
美国消费者信心9月降至四个月低点。债券市场上，投资者持有10年期美国国债而非两年期国债所要求的额外收益率上周一度收窄至仅17个基新加坡时间上午7:56，现货黄金下跌0.5%，报每盎司4,261.59美元。白银下跌0.8%，报每盎司63.77美元，此前上周已下跌3%。铂金和钯金走低。彭博美元现货指数（衡量美元走势的指标）上涨0.1%，自月初以来已上涨2%。
Gold has traded in relatively narrow range between $4,230 and $4,510 an ounce this month as traders repeatedly recalibrate the outlook for Fed policy, well below a record high of almost $5,600 reached in January. This has not dissuaded dealmaking in the sector, with South Africa’s Gold Fields Ltd. making an approach to acquire Australia’s biggest gold miner Northern Star Resources Ltd., a potential blockbuster deal the latter rejected on Monday. Spot gold fell 0.5% to $4,261.59 an ounce at 7:56 a.m. in Singapore. Silver was down 0.8% to $63.77 an ounce, after declining 3% last week. Platinum and palladium were lower. The Bloomberg Dollar Spot Index, a gauge of the US currency, was up 0.1% after rising 2% since the start of the month.