Economic Observation Network According to First Financial News, on the evening of August 12th, the US Consumer Price Index (CPI) for July increased by 3.4% year-on-year, with an estimated 3.4%, compared to the previous value of 3.5%. Meets market expectations. After the data was released, the spot price of London gold surged to $4438 per ounce, while COMEX gold touched $4498 per ounce and remained volatile at a high level. Last week, the non farm payroll data for July in the United States unexpectedly exploded, with gold futures and spot prices breaking through $4400 per ounce. Institutional insiders believe that the buying power of gold is rapidly returning, and there is currently a clear long short game.