Why is gold alloyed with copper

Gold volatility is expected to increase in the days ahead of the Fed's interest rate meeting

Recent epidemic data released in the United States and the European Union showed that the number of new cases fell significantly in a single day in the United States, but increased in Europe. France, Germany and other governments are considering extending their employment guarantee programs.The CPI in Europe and the United States diverged significantly in August, with the U.S. CPI reaching 0.4% month-on-month and the euro zone -0.4%, resulting in a significant rise in inflation expectations in the United States and a decline in the euro zone.Weakness in Europe relative to the United States has led to a rebound in the dollar index, putting short-term pressure on precious metals prices.However, rising inflation expectations combined with continued liquidity easing have kept US real interest rates negative for a long time, helping precious metals prices.

On the monetary front, the Fed's bond-buying process slowed significantly last week.Total assets fell $6.334bn to $7.06tn.Structured data showed medium - and long-term Treasury holdings rose $5.333 billion, below the weekly average since August.Among all types of emergency loan facilities, the main Street loan program continued to increase in use, with another increase of $212 million, reaching $38.899 billion as of September 10.The slowdown in the Fed's bond-buying process has limited downside for U.S. Treasury yields and is not conducive to a rally in precious metals prices.