Analysts: Expectations of interest rate cuts this year support gold bulls, but corrections may occur in the short term
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最新报道：According to Bijie.com, on September 8 (UTC+8), analyst Giuseppe Dellamotta stated that gold prices jumped to a record high following another weak non-farm payroll report. Market expectations for a dovish Federal Reserve policy have therefore intensified, with three rate cuts currently widely expected this year. Furthermore, there's an 8% probability of a 50 basis point rate cut in September, but this scenario would only occur if the CPI data released on Thursday shows weakness, at which point gold prices could receive another boost. Gold's fundamental support has persisted for months, if not years. Federal Reserve Chairman Powell's dovish stance at the recent Jackson Hole symposium served as a catalyst for gold prices to reach new highs. In fact, real yields have continued to decline steadily, supported by stronger dovish expectations and weak US data. Looking ahead, US CPI data will be released this Thursday, followed by the Fed meeting next week. From a macro perspective, given the Fed's dovish response, real yields are expected to continue to decline amidst monetary easing, and gold should maintain its upward trend. However, in the short term, a hawkish repricing in interest rate expectations may continue to trigger a correction.
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