黄金牛市挡不住！特朗普对美联储的抨击点燃黄金多头危机赌局

Core Viewpoint - Trump's criticism of the Federal Reserve may stimulate inflation, suppress investment, and weaken confidence in the U.S. economy, while simultaneously reinforcing the bullish trend in gold, which has become one of the hottest assets this year [1]. Group 1: Gold Market Dynamics - Gold prices have recently surpassed $3,500 per ounce, marking a new high, with spot gold rising for seven consecutive days and nearing $3,580 [1]. - The price of gold has increased by over one-third this year, outperforming global stocks, commodities, and Bitcoin, driven by expectations of imminent interest rate cuts by the Federal Reserve and aggressive gold purchases by central banks [1][2]. - The volatility in policies, particularly from the White House, is seen as beneficial for gold as it weakens the dollar [1]. Group 2: Economic Implications - Investors are increasingly betting that Trump's attacks on the Fed will lead the U.S. economy down a darker path, with historical evidence suggesting that independent central bank decisions help maintain low inflation and stable growth [2]. - A scenario where inflation rises while the Fed is forced to cut rates could lead to a significant depreciation of the dollar, enhancing the appeal of gold as a safe-haven asset [2][5]. - The expectation of aggressive rate cuts could lead to a mass outflow of investments from U.S. Treasuries to gold and other defensive investments [5]. Group 3: Future Projections - Analysts predict that if the Fed executes three to four rate cuts by the end of the year, gold prices could reach $3,800, although significant work remains to achieve this target [4]. - The anticipated "big and beautiful" tax cuts proposed by Trump could increase the U.S. deficit by $3.3 trillion over the next decade, raising concerns about the government's ability to service existing debt [4]. - The consensus on Wall Street is that gold prices will continue to rise, with major financial institutions like UBS and Citigroup adjusting their short-term outlooks positively due to deteriorating economic conditions [7][10].