Late night dive, spot gold falls below $4000.

On the evening of July 16, the international gold and silver spot markets collectively fell. As of 21:00 Beijing time, the spot price of gold fell below $4,000 per ounce, reporting at $3,992.06 per ounce, a decrease of 1.61%; the spot price of silver fell to $55.78 per ounce, a decrease of 3.43%. In terms of news, the U.S. Department of Labor released data showing that as of the week ending July 11, initial jobless claims decreased by 8,000 to 208,000, lower than the expected 217,000. The number of continuing jobless claims from the previous week also fell to 1.81 million, below expectations. In addition, recently, Federal Reserve Chairman Kevin Wash testified before Congress for the first time since taking office, declaring a "zero tolerance" for inflation and a strong commitment to restoring price stability. Although there was no clear indication of tightening monetary policy, Wash stated that options to curb inflation include using interest rates.