Core Viewpoint - The recent statements from Federal Reserve Chairman Jerome Powell have led to a significant shift in market expectations regarding future interest rate cuts, impacting gold prices negatively. Group 1: Gold Market Reaction - Spot gold prices experienced a brief rise to $4007.47 per ounce following the Federal Reserve's decision but subsequently fell to $3930.42 per ounce, a drop of $77 [1] - As of Thursday morning, gold prices further declined to $3916.32 per ounce [2] - The overall decline in gold prices was nearly 0.6% by the end of Wednesday, despite an intraday increase of up to 2% [1] Group 2: Federal Reserve's Interest Rate Decision - The Federal Reserve announced a 25 basis point cut in the federal funds rate, bringing it to a target range of 3.75%-4%, which was in line with market expectations [3] - The Federal Open Market Committee (FOMC) voted 10-2 in favor of the rate cut and indicated the end of quantitative tightening by December 1 [3] - The statement highlighted concerns about the labor market and inflation, noting that economic activity is expanding at a moderate pace [3] Group 3: Powell's Hawkish Stance - Powell indicated significant internal disagreement within the FOMC regarding future rate cuts, stating that further cuts are not guaranteed [4] - Following Powell's comments, the implied probability of a 25 basis point cut in December dropped from 95% to 67.9%, a decrease of nearly 30 percentage points [4] - The divergence in opinions among Fed officials reflects ongoing tensions between stabilizing prices and achieving full employment [4][5] Group 4: Market Analysts' Perspectives - Analysts have noted that the market's reaction to Powell's comments is justified, as the reduction in rate cut expectations will likely strengthen the dollar and suppress gold prices [6] - The tension within the Fed regarding inflation and interest rates has led to a cooling of market expectations for December rate cuts [7]
空头狂喜！鲍威尔“放鹰”浇灭12月降息梦 金价4000关口成泡影！
Jin Tou Wang·2025-10-30 02:09