Group 1 - International gold is currently trading around $3,760, with the latest price at $3,754.89 per ounce, reflecting a 0.23% increase, and a high of $3,758.97 and a low of $3,737.71 during the session, indicating a short-term bullish trend [1][3] - The recent strong rebound in gold prices is supported by the weakness in the US dollar index, which faced resistance and declined, maintaining a downward trend that is expected to support gold prices [3] Group 2 - Federal Reserve's new governor, Stephen Milan, has called for significant and rapid interest rate cuts in the coming months to prevent unnecessary layoffs in the labor market, indicating that current rates are too high [2] - Milan expressed that the neutral interest rate has significantly declined and may have been systematically overestimated, suggesting a need for rate reductions to avoid economic damage [2] - He anticipates a total of 125 basis points in rate cuts over the remaining meetings this year, which is much higher than the median forecast of 50 basis points among officials [2]