ETF Volatility | Southern Double Long Gold falls over 2% again as U.S. June inflation data is about to be released; short-term gold may maintain low-level fluctuations

Zhitong
2026.07.13 03:35

The Southern Double Long Gold has fallen over 2% again, currently down 2.6%, priced at HKD 20.98, with a transaction volume of HKD 10.394 million. In terms of news, according to market media reports, the newly appointed Federal Reserve Chairman Kevin Warsh is set to make his first visit to Capitol Hill this week. According to the schedule, Warsh will first attend a hearing of the House Financial Services Committee at 10 AM Eastern Time on Tuesday (10 PM Beijing Time); immediately following, he will move to the Senate Banking Committee to continue his testimony at the same time on Wednesday. As he steps into Capitol Hill, the latest official inflation report from the U.S. will also be released on the same day— the U.S. Department of Labor will publish the June CPI data on Tuesday and the June PPI data on Wednesday. Industry analysts believe that if inflation heats up or there are signs that inflation will remain high in the coming months, the possibility of the Federal Reserve raising interest rates by the end of the year may increase. CITIC Futures pointed out that in the short term, geopolitical escalation should enhance gold's safe-haven demand, but the current market is more focused on its impact on energy prices and inflation expectations. Short-term gold may maintain low-level fluctuations, with geopolitical conflicts providing temporary support, but energy inflation and the Fed's hawkish expectations still limit the rebound space

According to Zhitong Finance APP, the Southern Double Long Gold (07299) has fallen over 2% again, currently down 2.6% at HKD 20.98, with a trading volume of HKD 10.394 million.

In terms of news, according to market media reports, the newly appointed Federal Reserve Chairman Kevin Warsh is set to make his first visit to Capitol Hill this week. According to the schedule, Warsh will first attend a hearing of the House Financial Services Committee at 10 AM Eastern Time on Tuesday (10 PM Beijing Time); immediately following, he will move to the Senate Banking Committee to continue testifying at the same time on Wednesday. As he steps onto Capitol Hill, the latest official inflation report from the U.S. will also be released on the same day—the U.S. Department of Labor will publish the June CPI data on Tuesday and the June PPI data on Wednesday.

Some industry analysts believe that if inflation heats up or there are signs that inflation will remain high in the coming months, the likelihood of the Federal Reserve raising interest rates by the end of the year may increase. CITIC Futures pointed out that in the short term, geopolitical escalations should enhance gold's safe-haven demand, but the current market is more focused on its impact on energy prices and inflation expectations. In the short term, gold may maintain low-level fluctuations, with geopolitical conflicts providing temporary support, but energy inflation and the Fed's hawkish expectations still limit the rebound space

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