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Jinse Finance reported that U.S. Treasury Secretary Bessent stated on Monday that the Federal Reserve is and should remain independent, but also pointed out that the institution "has made many mistakes," and defended U.S. President Trump's right to dismiss Federal Reserve Governor Lisa Cook on the grounds of mortgage fraud charges. Trump has been criticizing the Federal Reserve and its Chairman Jerome Powell for months for failing to cut interest rates, and recently targeted Powell over the costly renovation project at the central bank's Washington headquarters. "The Federal Reserve should remain independent. The Federal Reserve is indeed independent, but I think they have also made many mistakes," Bessent said in an interview at a restaurant in the suburbs of Washington.

Jinse Finance reported that driven by expectations of interest rate cuts and heightened geopolitical tensions, gold futures continued their rally on Monday after reaching a record high. Currently, gold futures are trading near $3,547, up 0.88% on the day, having climbed as high as $3,557.10 per ounce during intraday trading. FxPro analyst Alex Kuptsikevich noted in a research report that macroeconomic and geopolitical news continue to favor precious metals, with reports indicating that India is actively selling U.S. government bonds and increasing its gold reserves. He also stated that the lack of progress in Russia-Ukraine peace talks has further boosted safe-haven demand. Kuptsikevich pointed out that in the short term, the most significant bullish factor is the market's rising expectations for a Federal Reserve rate cut in September. However, he cautioned investors to remain prudent when participating in the current gold rally, as historical highs often trigger large-scale profit-taking, as was the case in April this year.