BlueberryMarkets蓝莓市场：美联储降息遇冷，金价何去何从？

Group 1 - The Federal Reserve maintained the benchmark interest rate at 4.25%-4.50%, aligning with market expectations, but Chairman Powell's cautious signals led to significant volatility in the gold market [1] - Powell indicated a potential 50 basis point rate cut in 2025, but future cuts in 2026 and 2027 would be limited to 25 basis points each year, reducing expectations for rapid monetary easing [1] - Following Powell's remarks, spot gold prices fell to approximately $3375.10 per ounce, a decrease of 0.57% from the previous day [1] Group 2 - Powell emphasized the Fed's close monitoring of inflation data, predicting a rise in the inflation rate to 3% by year-end, significantly above the Fed's 2% target [3] - The U.S. Treasury reported a nearly fourfold increase in customs tariff revenue in May, indicating that tariff costs are being passed on to consumers, which typically supports gold's anti-inflation properties [3] - Despite inflation pressures, the Fed's cautious stance on rate cuts has exerted downward pressure on gold prices, with analysts noting that gold needs to break the $3400 resistance level to reverse its short-term decline [3] Group 3 - In the precious metals market, there is a divergence in capital flows, with silver prices dropping by 1.5% to $36.70 per ounce, while platinum rose by 4.3%, reaching its highest level since February 2021 [4] - Goldman Sachs noted that the movements in silver and platinum are primarily driven by speculative funds, lacking solid fundamental support, while gold's price is more influenced by macroeconomic policies and inflation expectations [4] - The gold market faces conflicting signals: the Fed's cautious stance and a strengthening dollar create short-term pressure, while inflation risks from tariffs and signs of economic slowdown provide potential support for gold prices [4]