Xin Lang Cai Jing·2026-02-04 13:40Group 1 - Legendary investor Ray Dalio warns that the world is on the brink of a "capital war" due to escalating geopolitical tensions and high market volatility [1][5] - Dalio defines "capital war" as the weaponization of capital through trade embargoes, cutting off market access, or using debt ownership as leverage [1][5] - Steven Major, a prominent bond analyst, suggests that the Federal Reserve, under Kevin Warsh's leadership, may implement more aggressive rate cuts than the market currently anticipates, potentially four to five cuts instead of two [1][5] Group 2 - Gold prices rebounded significantly, trading around 5070, supported by buying interest and dovish comments from Federal Reserve officials that reignited rate cut expectations [7] - The Australian dollar experienced a strong rebound, trading at approximately 0.7030, primarily due to a 25 basis point rate hike by the Reserve Bank of Australia and improved economic growth and inflation forecasts [8] - The USD/CAD pair saw a slight decline, trading around 1.3640, influenced by profit-taking and a weaker dollar index amid multiple negative factors [9]