美联储降息落地！金价震荡加剧，后市怎么走？

Core Viewpoint - The Federal Reserve's recent interest rate cut has led to increased volatility in gold prices, with short-term fluctuations expected but long-term support for gold prices anticipated due to various macroeconomic factors [1][5]. Group 1: Market Reaction to Federal Reserve's Decision - On September 18, gold prices experienced a decline to $3633.485 per ounce before rebounding to $3672.2 per ounce, marking a 0.36% increase [1][2]. - The day prior, on September 17, gold closed at $3658.89 per ounce, reflecting a 0.83% decrease [1][2]. - The Federal Reserve announced a 25 basis point cut to the federal funds rate, bringing it to a range of 4.00% to 4.25%, which aligns with market expectations [3]. Group 2: Short-term and Long-term Outlook - Analysts suggest that the market had already priced in the rate cut, leading to profit-taking and subsequent pressure on gold prices [4]. - Factors contributing to the current gold price adjustments include the lower-than-expected rate cut and positive developments in U.S.-China trade negotiations [4]. - Despite short-term volatility, the long-term outlook for gold remains positive due to expected lower real interest rates, weakening dollar credit, and strong demand from global central banks [5]. Group 3: Investment Strategies - Short-term investors are advised to remain cautious and monitor key technical levels before making investment decisions [6]. - Long-term investors are encouraged to consider gold as a hedge against inflation and geopolitical risks, with options including gold ETFs, accumulated gold, or gold mining stocks [6]. - The ongoing low correlation of gold with other asset classes reinforces its role as a critical component in investment portfolios [6].