Recently, international gold prices have risen and then fallen, with increasing volatility. What are the main reasons? Overnight, the usa released the PCE and core PCE data for October, both of which have increased compared to September. How should one view the inflation level in the usa? Will the monetary policy of the Federal Reserve change in the future? How do we forecast the performance of gold prices in the market? Huang Tianheng, a precious metals trader at the industrial and commercial bank of china, explained that international gold prices have risen and then fallen, with a significant increase in amplitude. The usa's October PCE data has been released, and the Federal Reserve is gradually shifting towards rate cuts. There is a clear divergence in the monetary policies of the European and Japanese central banks. A key factor driving the gold bull market is global debt, which should be approached more from a strategic allocation perspective. (First Financial News)