On the date, the latest report released by the Survey Research Center at the University of Michigan showed that American consumers are more optimistic about the short-term cooling of inflation, the long-term business conditions in the United States, and their personal financial prospects. Driven by this optimism, the U.S. Consumer Confidence Index climbed to a seven-month high. Data indicated that the preliminary value of the University of Michigan Consumer Confidence Index for the month rose to , exceeding the expected and the previous value of .

Affected by strong economic data, despite the Federal Reserve's expected reduction of interest rates by a basis point last week, the market anticipates that the Fed will slow down the pace of future rate cuts, leading to another significant surge in the US dollar last week. The US Dollar Index, which measures the dollar against six major currencies, briefly jumped to a four-month high of .

Affected by the strong US dollar, international gold prices in Japan fell, with the monthly gold futures price on the New York Mercantile Exchange closing at $... per ounce, down by .%. Last week, international gold prices fell by nearly % in total, marking the largest weekly decline in five months.

Looking ahead, some analysts believe that the market is cautious about the future path of Fed rate cuts, putting pressure on gold prices. Gold itself does not generate interest, often rising when interest rates are cut and vice versa. Over the weekend, several analysis institutions adjusted their forecasts for the Fed's future rate cut path and gold price trends in their latest reports. Analysts from Barclays predict that the Fed will cut rates twice this year, down from the previous estimate of three times. Analysts from Goldman Sachs also stated that the Fed may be more cautious in its rate cut actions. Foreign exchange analysts from Bank of America said that the dollar and gold price trends will depend on economic data and expectations for the Fed's easing path, with the dollar likely to continue its strong performance in the short term, putting pressure on gold prices.