Gold prices hit record highs, investors are cautious about U.S. stock futures

According to ChainCatcher, gold prices hit record highs due to investors' concerns about President Trump's tariffs, his legal dispute over the independence of the Federal Reserve and weak consumer spending. S&P500 futures fell 0.51%, Nasdaq100 futures fell 0.66%, and Dow Jones futures fell 0.37%. Data shows that about 80% of companies in the United States have passed on tariff costs to consumers, and 21% of companies have passed on them completely. Consumer spending grew weakly, with real consumption increasing by 0.3% month-on-month in July, and the annualized growth rate in three months was only 1.0%, lower than the average level of 3.1% in the same period last year. Disposable income growth has almost stagnated, with an annualized growth rate of 0.2% in three months. In terms of global markets, STOXXEurope600 fell 0.65%, UK FTSE100 fell 0.32%, Japan's Nikkei225 rose 0.29%, China's CSI300 fell 0.74%, South Korea's KOSPI rose 0.94%, India's Nifty50 remained flat; Bitcoin price rose to US$110,600.