特朗普对美联储的每一次“骂街” 都在成为黄金的“燃料”！

Core Viewpoint - The escalating political tension between President Trump and Federal Reserve Chairman Powell is undermining investor confidence, with analysts warning that any attack on the independence of the central bank could lead to a surge in gold prices [2][3]. Group 1: Political Tension and Market Impact - Trump has openly expressed dissatisfaction with Powell, advocating for a rapid interest rate cut of 300 basis points, which would place the federal funds rate between 1.25% and 1.50% [2]. - Recent personal attacks from Trump on Powell have intensified, with derogatory remarks and rumors about Powell considering resignation being circulated [2]. - The uncertainty surrounding the Federal Reserve's leadership is injecting new volatility into the markets, with concerns about the central bank's independence worsening the situation [2][3]. Group 2: Consequences of Loss of Independence - Analysts describe the independence of the Federal Reserve as its "superpower," warning that attacks on this independence could have dramatic consequences, including a potential collapse of the dollar and U.S. Treasury bonds [3]. - The loss of credibility for the Federal Reserve would undermine its ability to support turbulent financial markets through the purchase of U.S. government bonds, which is based on its reputation [3][4]. - The example of Turkey's central bank losing credibility due to political interference is cited as a warning for U.S. investors, suggesting that similar outcomes could benefit gold [4]. Group 3: Gold as a Safe Haven - Analysts recommend that investors focus on safe-haven assets like gold, especially as the Federal Reserve may take significant actions in the fall [3][4]. - Increased political tension could lead to heightened market volatility, with gold likely being used more as a store of value during such times [5]. - If Trump follows through on threats to dismiss Powell, it could unexpectedly drive demand for gold, putting pressure on the dollar index [5]. Group 4: Central Bank Demand for Gold - Despite increased investment demand for gold this year, central bank demand remains a key factor behind the historic rise in gold prices over the past three years, with expectations of an additional 1,000 tons of gold reserves being added globally [6]. - Analysts suggest that the establishment of a "shadow chairman" in the Federal Reserve could dilute monetary policy guidance, complicating the management of market expectations [6].