聚焦美联储独立性裁决 黄金震荡回调

Group 1: Gold Market Analysis - The latest spot gold price is reported at 1044.47 CNY per gram, showing a decrease of 0.52 CNY, or 0.05%, from the previous trading day, indicating a downward trend during the day [1] - The opening price for the day was 1045.44 CNY per gram, with a daily high of 1046.78 CNY and a low of 1042.74 CNY [1] Group 2: Federal Reserve Independence Case - The U.S. Supreme Court is set to hear a critical case regarding the independence of the Federal Reserve, focusing on whether President Trump can dismiss Fed Governor Lisa Cook on grounds of "alleged mortgage fraud" [2] - The case raises concerns about the definition of "just cause" for dismissing Fed officials, which could potentially undermine the Fed's independence and allow for political interference in monetary policy [2][3] - Legal and academic experts express worries that even if Cook remains, a lack of strict standards for "just cause" could open the door for presidential intervention, threatening the Fed's credibility in managing inflation [2][3] Group 3: Market Implications of the Court Ruling - The outcome of the Supreme Court ruling will have direct implications for the U.S. dollar and gold prices, with any signals weakening the Fed's independence likely to trigger a sell-off of the dollar [3] - If the Fed's independence is significantly eroded, the "excess privilege" of the dollar may be challenged, impacting global capital flows and asset pricing [3] - Gold is positioned as a key asset for "de-dollarization" and inflation hedging, gaining upward momentum due to the risks associated with the court case [3]