美联储内部分歧严重，对金价有何影响？

Group 1 - The Federal Reserve decided to cut interest rates in December, but the meeting minutes indicate that this decision was not unanimous, reflecting significant divisions among policymakers [1] - Most participants expect economic growth to accelerate by 2026, with fiscal policy adjustments and favorable financial market conditions seen as key supporting factors [1] - There is a high level of uncertainty regarding the growth of the U.S. economy, with technological advancements like artificial intelligence potentially boosting productivity without raising inflation, but concerns remain about their impact on job growth [1] Group 2 - To address the decline in bank reserves to a "moderately ample" level, the Federal Reserve initiated a short-term Treasury purchase program in December, with an initial plan to buy approximately $40 billion per month [3] - Market expectations indicate a total purchase amount of about $220 billion over the next 12 months, although there is significant disagreement regarding the specific scale [3] - International gold prices experienced a significant drop after reaching a historical high, indicating a shift from bullish to bearish sentiment, with key support levels identified at $4,264 and $4,188 per ounce [3]