Sou Hu Cai Jing·2025-11-16 07:53Core Viewpoint - The end of the U.S. government shutdown is expected to provide medium-term support for gold prices as market liquidity improves and short-term pressure factors are alleviated [1][2]. Group 1: Economic Impact - Following the end of the government shutdown, the expected decrease in the Treasury account balance will lead to improved market liquidity [1][2]. - Key U.S. economic data will be re-disclosed, allowing the Federal Reserve to reassess the economic situation in the U.S. [1][2]. Group 2: Monetary Policy Outlook - There is uncertainty regarding the extent of interest rate cuts in December 2025 and the path for 2026, but the overall trend towards rate cuts remains unchanged [1][2]. - The long-term context of de-dollarization is influencing the outlook for gold prices [1][2].