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https://www.gate.com/announcements/article/45974
The Fed maintains the interest rate unchanged, and the interest rate level remains high in the short term. This decision has led to a weakening of the dollar, but at the same time, it has brought short-term downward pressure to the gold market. Currently, most investment institutions have expectations for gold prices generally below 3000 dollars, which may create certain selling pressure in the market.
It is worth noting that central banks around the world are adjusting their foreign exchange reserve strategies, gradually reducing foreign exchange reserves while increasing gold reserves. However, aside from some major economies, most countries face funding and capacity constraints during this transition.
This complex market environment has caused gold prices to temporarily fall into a relatively stable range, lacking the momentum for significant short-term rises. Nevertheless, the position of gold as a safe-haven asset cannot be ignored, and long-term investors may continue to pay attention to the developments in this market.
In the current economic situation, investors need to closely monitor changes in global monetary policy and adjustments in the reserve strategies of various central banks, as these factors may significantly impact the future trends of gold prices. At the same time, it is also important to be cautious of potential short-term fluctuations caused by market sentiment and geopolitical factors.