美联储降息“利好出尽”，致美元走强并压制黄金价格

Group 1 - International precious metal futures experienced a general decline, with COMEX gold futures dropping by 1.04% to $3941.7 per ounce and COMEX silver futures falling by 0.1% to $47.275 per ounce [1] - Analysts suggest that after the Federal Reserve's interest rate cut, the market's positive sentiment has peaked, and Fed Chair Powell's indication that a December rate cut is not guaranteed has led to a downward adjustment in future rate cut expectations, resulting in a stronger dollar that pressures gold prices [1] - In South Korea, domestic gold prices have fallen below $4000 due to easing trade disputes, profit-taking, and slowing CPI, with local prices experiencing a greater decline compared to international prices [1] Group 2 - Some analysts believe the recent sharp decline in gold prices is merely a short-term adjustment, and if demand from individual investors and central banks continues, international gold prices are expected to rebound to an average of $5055 per ounce in Q4 2021 [3] - NH Investment & Securities maintains an increased weighting in gold, asserting that in a monetary easing environment, gold will continue to benefit as a hedge against inflation [3] - A report from Al Banyan Tree indicates that over the past four years, gold has become a primary savings method for the Russian public, with retail gold purchases in Russia expected to reach 62.2 tons this year [3] - The Reserve Bank of India is accelerating the repatriation of overseas gold reserves, having brought back nearly 64 tons of gold in the first six months of the fiscal year, with domestic gold reserves now exceeding 65%, nearly doubling from four years ago [3]