CWG Markets外汇:黄金回调但前景依旧坚挺

Core Viewpoint - The Federal Reserve's recent interest rate cut was anticipated by the market, but signals from Chairman Powell prompted a reassessment of future monetary policy, leading to volatility in gold prices [1][2] Group 1: Federal Reserve Actions - The Federal Reserve's interest rate cut aligns with market expectations and did not provide new upward momentum for gold [1] - The dot plot indicates that policymakers expect additional rate cuts in the remaining FOMC meetings this year, suggesting continued monetary easing [1] Group 2: Impact on Gold Prices - The low interest rate environment is generally favorable for gold in the medium to long term, as it reduces the opportunity cost of holding non-yielding assets and may increase inflation expectations [1] - Despite a recent pullback, the overall upward trend in gold prices remains intact, with bullish momentum still dominating [2] - Market analysis suggests that if the Fed continues to cut rates as indicated, gold prices could target $3,880 by year-end [2] Group 3: Market Dynamics - The strength of the dollar and fluctuations in U.S. Treasury yields have temporarily suppressed gold prices, but a weak economic outlook could renew momentum for gold [2] - Upcoming U.S. economic data on employment, inflation, and retail sales will be closely monitored, as these factors will influence expectations regarding the pace of rate cuts and subsequently affect gold price volatility [2] - The long-term bullish outlook for gold remains supported by ongoing monetary easing, inflationary pressures, and global economic uncertainties [2]