美联储降息，金价会涨吗？

Group 1 - The Federal Reserve has lowered the federal funds rate target range by 25 basis points to between 3.75% and 4.00%, marking the second rate cut since 2025 and the fifth since the rate cut cycle began in September 2024 [1] - Historically, gold prices have risen during Fed rate cut cycles, with the latest cycle seeing a significant increase of approximately 55% in London spot gold prices as of October 29, 2025 [2] - Following the rate cut announcement, gold prices initially surged but later declined due to cautious remarks from Fed Chair Jerome Powell, who indicated that further rate cuts in December are not guaranteed, leading to a drop in gold prices [2][3] Group 2 - Analysts noted that the market reacted quickly to Powell's comments, with a reduction in bets on further rate cuts, which supported the dollar and put pressure on gold prices [3] - Despite short-term adjustment pressures on gold prices, the long-term outlook remains positive according to brokerages, as the fundamental logic for gold prices remains intact as long as global safe-haven assets are insufficient and the dollar's credibility is not undermined [3]