张尧浠：美联储年内预再降息2次、金价维持看涨前景不变

Core Viewpoint - The article discusses the bullish outlook for gold prices, driven by expectations of further interest rate cuts by the Federal Reserve and ongoing geopolitical and economic concerns [1][5]. Group 1: Gold Market Performance - International gold prices reached a new historical high, marking the fifth consecutive week of gains, with a weekly closing price of $3,684.59 per ounce, reflecting a weekly increase of $40.25 or 1.1% [1]. - The price opened at $3,644.34 per ounce, recorded a weekly low of $3,626.47, and peaked at $3,707.00 mid-week before closing strong [1]. Group 2: Influencing Factors - Expectations of two additional interest rate cuts by the Federal Reserve this year have bolstered gold prices, despite some profit-taking and a less dovish stance from Fed Chair Powell [3][5]. - The U.S. government's risk of shutdown and the impact of tariffs on steel and aluminum products have also provided support for gold prices [3]. Group 3: Future Outlook - The market anticipates that gold will continue to benefit from a loose monetary policy environment, with projections indicating three rate cuts this year and one next year [5]. - The long-term bullish trend for gold remains intact due to factors such as global monetary easing, weakening of the U.S. dollar credit system, and ongoing geopolitical risks [5][7].