From a fundamental perspective, the Federal Reserve's expectation of interest rate cuts constitutes further support for ...

From a fundamental perspective, the Federal Reserve's expectation of interest rate cuts constitutes further support for gold prices. This week, the presidents of the Chicago Federal Reserve and the New York Federal Reserve both held an open attitude towards interest rate cuts, strengthening market expectations for a rate cut in December. However, due to internal disagreements within the Federal Reserve regarding inflation risks, further increases in gold prices still face challenges from policy uncertainty. The market currently expects a probability of around 60% for the Federal Reserve to cut interest rates in December. If the expectation of a rate cut is postponed or adjusted, it may create short-term pressure on gold