On June 10, according to CCTV Finance, following a drop during the Asian trading session, international gold prices continued to decline during the European trading session, briefly falling below the $4,200 per ounce mark, erasing all gains made this year. As of 5:15 PM Beijing time on June 10, the price of gold futures for August delivery on the New York Mercantile Exchange was reported at $4,188.70 per ounce, a decrease of 2.28%. Based on current prices, international gold prices have decreased by 3.51% since the beginning of the year. Analysts pointed out that the U.S. non-farm payroll data released last Friday significantly exceeded market expectations, indicating that the fundamentals of the U.S. labor market remain resilient. In light of the inflationary risks stemming from conflicts in the Middle East, the market has recently been betting more on a shift in the Federal Reserve's monetary policy towards interest rate hikes in the second half of the year. According to the CME Group's FedWatch Tool, the market currently estimates that there is nearly a 70% probability that the Federal Reserve will raise interest rates by at least 25 basis points by the end of this year. Once the Federal Reserve begins to raise rates, it will diminish the appeal of non-yielding assets such as gold.