According to Jinshi.com, Industrial Bank Research and Analysis pointed out that the US economic data in January was mixed, and the unexpected inflation data pushed the expectations of interest rate cuts to continue to converge, but the weakening fundamental data and the relatively mild statements of Fed officials pushed London gold to quickly recover some of its losses after falling. After more than a month of adjustment, the current gold holdings and valuations have gradually become healthy. Before the March interest rate meeting, there are still many important economic data to be released. If the economic fundamentals can return to strength and maintain consistency, it will drive the gold price to continue to correct and provide another opportunity to increase positions. Shanghai gold will remain resilient against the background of the US dollar against the RMB rising again after the holiday.