Hunan Weide Investment and Trading Center Investment Notice—Manager Ye

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Introduction: Due to the Federal Reserve policy meeting on Thursday Gold prices continued to rise after the decision to keep interest rates unchanged, rising for a fourth consecutive session. Looking ahead, the Federal Reserve is likely to raise interest rates next month, but global economic and financial uncertainty will still spur investors to rush into the gold market as a safe haven. Gold futures ended higher on Thursday for a fourth straight session as the Federal Reserve decided not to raise benchmark interest rates at its policy meeting and stressed it would take a progressive stance on normalizing monetary policy. The price of gold futures for January delivery on the New York Mercantile Exchange rose. The U.S. dollar closed at . U.S. dollars/ounce, an increase of 0.0%, setting the highest closing price since March. Gold futures closed higher on Wednesday and continued their previous upward trend in electronic trading after the Federal Reserve announced its monetary policy decision and said it would keep benchmark interest rates unchanged. But the Fed has signaled it hopes to raise interest rates before the end of the year. At its March policy meeting, the U.S. Federal Open Market Committee (FOMC) voted to keep its benchmark interest rate unchanged. This was the most divisive of policy meetings since 2018.
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According to senior officials of the Federal Reserve A so-called dot plot of expectations for future interest rates shows that all top Fed officials who made forecasts expected rates to rise by the end of the year. The Federal Reserve is also expected to raise interest rates twice this year. At the same time, market speculation that the Federal Reserve will take a "take it slow" stance on raising interest rates has also led some metals market observers to wonder whether gold prices have already reflected the rate hikes expected to be taken by the Federal Reserve in March. Brian Lundin (B), editor of industry publication r, said: "If the Fed raises interest rates in March, it will bring about an interesting symmetry because last year's interest rate hike also occurred at the Federal Open Market Committee's monthly meeting. happened on. Gold prices had also bottomed out at that time, ending a long-running bear market. At that time, every paper gold trader was betting on the timing of the Fed's rate hike, which brought huge selling pressure to the market. After the Federal Reserve announced a rate hike, the market momentum of "buying when there are rumors and selling when there is news" began to take effect, and the price of gold continued to rise immediately. Lundin further pointed out that if the Fed raises interest rates in March, a similar phenomenon is likely to occur this year. Higher interest rates from the Federal Reserve could make gold less attractive to investors because gold is a non-interest-paying asset. But if the economic recovery process suddenly brings about concerns about rising inflation, it may provide support for gold demand because some investors will buy gold to hedge against inflation risks.
George Milin-Stanley, head of gold strategy at State Street Global Advisors (br), believes that the tone of the Federal Reserve's latest monetary policy statement is undoubtedly tilted towards the "hawkish side." It suggests that the Fed may raise interest rates in March provided that economic data between now and its meeting in March do not bring surprising shocks.
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