1209黄金点评：隔夜黄金偏弱震荡，美议息会议前保持谨慎

Core Viewpoint - The market is experiencing cautious sentiment ahead of the Federal Reserve's December interest rate meeting, with gold prices showing weakness and fluctuations expected in the short term [2][5]. Market Overview - Overnight London spot gold showed a slight decline, with COMEX February gold futures down approximately 0.6% and SHFE gold down 0.72% [2][5]. - The U.S. stock market retreated, the dollar returned to 99 points, and the yield on the 10-year U.S. Treasury reached a two-month high [2][5]. Federal Reserve Insights - Kevin Hassett, a potential future chair of the Federal Reserve, stated that it would be "irresponsible" for the Fed to announce a specific path for interest rate policy over the next six months, emphasizing decisions should be based on economic data [2][5]. - Jerome Powell has successfully fostered a consensus for a rate cut this week, with a December rate cut already forming a consensus in the market [2][5]. Economic Context - President Trump mentioned that the inflation issue in the U.S. has been largely resolved but denied the possibility of deflation [2][5]. - The focus remains on the future path of rate cuts and how the Federal Reserve will supplement liquidity in the financial markets [2][5].