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短期事件、中期趋势与长期结构性变化共同作用—— 多因素推动金价维持高位
Jing Ji Ri Bao·2025-09-18 21:58

Core Viewpoint - Recent expectations of interest rate cuts by the Federal Reserve have significantly boosted international gold prices, with the price surpassing $3,700 per ounce for the first time, reaching a historical high of $3,703.13 per ounce on September 16 [1] Group 1: Federal Reserve's Impact on Gold Prices - The Federal Reserve announced a 25 basis point cut in the federal funds rate to a target range of 4.00% to 4.25%, marking its first rate cut of the year and the fourth since last year [1][2] - Analysts indicate that the Fed's interest rate policy is a crucial factor influencing gold prices, with expectations of further rate cuts supporting the recent price increases [2][3] Group 2: Market Reactions and Predictions - Following the Fed's announcement, gold prices experienced volatility, retreating to around $3,650 per ounce [1] - Market analysts suggest that while short-term pressures may exist due to profit-taking, the long-term outlook for gold remains positive due to ongoing geopolitical tensions and central bank gold purchases [3][4] Group 3: Underlying Factors Supporting Gold Prices - Key drivers for the recent rise in gold prices include concerns over the independence of the Federal Reserve due to political pressures and signs of a slowing U.S. labor market [1][2] - The global economic landscape, characterized by loose monetary policies and increasing gold purchases by central banks, is expected to provide a supportive environment for gold prices in the medium term [4]