Weekly

Last week, the market focused on the Federal Reserve's last interest rate meeting this year. It was widely expected that the interest rate would be reduced by 0.25% after the meeting. However, the statement and bitmap after the meeting are expected to bring enlightenment to the interest rate process in 2025. Global investors are looking forward to guidance, so they held their breath at the beginning of the week. Some time ago, the price of gold hovered around 2650, waiting for the interest rate.

On Wednesday night, I saw the Federal Reserve cut interest rates by one yard, but after the meeting, it announced that it was a big eagle. The bitmap shows that interest rate cuts are limited to two times in 2025, which is less than expected in September. Interest rates have the opportunity to stay at a high level for a longer period of time, which has increased the cost of gold holders. The price of gold fell sharply that night, and fell below the 2600 mark, and the lowest price was 2583 before it began to rebound.

On Friday night, the PCE price index released by the United States reported 2.8%, which was lower than expected, rekindling the expectation that the United States still needs to cut interest rates. Only before the weekend did the gold price rebound more strongly, and the gold price once reached the level of 2630. Although the market situation declined throughout the week, the non-unilateral market plummeted, and there were many opportunities for ups and downs.

Looking forward to this week, the Christmas holiday is approaching, the transaction will begin to decrease, and the market will continue to digest the pace of interest rate reduction in 2025. The market situation is a bit different, so let's refer to each other. I wish you all a happy winter solstice and a merry Christmas.