黄金股票ETF（517400）领涨超1.7%，美联储FOMC会议超预期

Core Viewpoint - The Federal Reserve decided to cut interest rates by 25 basis points to a range of 3.50% to 3.75%, with a voting outcome of 9 in favor and 3 against, which exceeded market expectations for a "hawkish cut" [1] Group 1: Federal Reserve Actions - The interest rate decision and subsequent statements were overall more hawkish than anticipated, despite a dovish tone in Powell's speech and an unexpected asset purchase plan that energized the market [1] - The dot plot indicates a hawkish stance, but the market reacted positively to the dovish comments and the asset purchase plan [1] Group 2: Future Monetary Policy Outlook - The monetary policy outlook for 2026 is expected to shift from hawkish to dovish, with continued expansion of macro liquidity [1] - Long-term concerns about the dollar credit system are rising due to excessive money supply and monetization of fiscal deficits [1] Group 3: Gold and Investment Opportunities - The demand for gold as a safe asset is increasing due to global geopolitical instability and the trend of "de-dollarization" [1] - Gold is anticipated to become a new pricing anchor, providing upward momentum for precious metals [1] - Investors are encouraged to consider direct investments in physical gold, tax-exempt gold ETFs (518800), and gold stock ETFs covering the entire gold industry chain (517400) [1]