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: Gold Price Movements - On September 18, the London gold price experienced a decline to $3633.485 per ounce before rebounding to $3672.2 per ounce, marking a 0.36% increase [1][2]. - The previous day, September 17, the gold price closed at $3658.89 per ounce, reflecting a 0.83% decrease [1][2]. - In the month leading up to this, gold prices had risen significantly, surpassing $3500 per ounce and reaching historical highs, including a peak of over $3700 per ounce on September 16 [2]. Group 2: Federal Reserve's Rate Cut - 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%, marking the first rate cut of the year and aligning with market expectations [3][4]. - The Fed indicated the possibility of two more rate cuts by the end of the year, each by 25 basis points [3]. Group 3: Market Reactions and Analysis - Analysts suggest that the gold price adjustment is influenced by the market's prior pricing of rate cut expectations, leading to profit-taking after the Fed's announcement [4]. - Factors contributing to the recent gold price fluctuations include the actual rate cut being lower than some market participants' expectations and positive developments in U.S.-China trade negotiations [4]. Group 4: Long-term Outlook for Gold - The long-term outlook for gold remains positive, driven by a declining real interest rate environment, weakening U.S. dollar credibility, and strong demand from global central banks [5]. - The anticipated global economic shift towards a more accommodative monetary policy could further support gold prices, as it may lead to increased investment in gold ETFs and other gold-related assets [5]. - Concerns over inflation due to U.S. tariff policies may enhance gold's appeal as a hedge against inflation in a low-interest-rate environment [5]. Group 5: Investment Strategies - Short-term investors are advised to remain cautious and monitor key technical levels before making investment decisions, while long-term investors are encouraged to consider gold as a valuable asset for portfolio diversification [6]. - Various investment vehicles, such as gold ETFs, accumulated gold, or gold mining stocks, are recommended for gradual accumulation to mitigate short-term volatility [6].