The Federal Reserve will announce the September interest rate decision at 2 a.m. Beijing time on September 18. In the run-up to the announcement, gold futures prices have continued to rise, repeatedly setting historical peaks. On September 15, at the New York close, COMEX gold futures rose by 0.93%, closing at $3720.70 per ounce, with an intraday high of $3724.90, setting a new historical record. On September 16, COMEX gold reached an intraday high of $3728.4, creating another historical high.

The reason gold futures have been able to repeatedly set new closing highs before the Federal Reserve's interest rate decision is mainly due to the market's firm belief that the Fed will cut interest rates this time. Currently, investors have almost fully digested the expectation of a 25 basis point rate cut. Once the rate cut is implemented, the yield on dollar assets will decrease, significantly increasing the attractiveness of non-yielding gold. Additionally, the Middle East situation remains tense, the Russia-Ukraine conflict has not ceased, and Trump has stated that significant sanctions will be imposed on Russia after NATO halts oil purchases from Russia. These geopolitical turmoil factors continuously push up market risk-averse sentiment, leading to capital inflows into the gold sector #美国讨论BTC战略储备 $BTC