According to the latest market analysis and reports, there are several key points worth noting about the Fed's expectations of rate cuts and the trend of gold prices:

Expectations of Fed rate cuts: The market generally expects the Fed to cut interest rates in 2024, but the specific timing and magnitude of the rate cut are still uncertain. Recent data show that the US CPI rose 3.5% year-on-year and 0.4% month-on-month in March, higher than market expectations, indicating that inflationary pressures still exist. This may cause the Fed to be more cautious on the issue of rate cuts1.

Gold price fluctuations: Gold prices are greatly affected by the Fed's expectations of rate cuts. With the Fed's expectations of rate cuts delayed, gold prices have fluctuated sharply. For example, the COMEX gold price fell from $2,360 to $2,337.1 in one day, a drop of more than 1%1.

Federal Reserve policy direction: The Federal Reserve announced at its May 2024 meeting that it would keep interest rates unchanged and planned to start slowing down its balance sheet in June. This shows that despite the market's expectations of rate cuts, the Federal Reserve remains cautious in its actual actions and pays attention to the performance of inflation and the job market2.

Gold Market Outlook: Although gold prices have fluctuated in the short term, market analysts generally believe that gold prices may remain strong in the long term given global macroeconomic uncertainties. In particular, against the backdrop of geopolitical tensions and inflationary pressures, demand for gold as a safe-haven asset may increase3.

In summary, the trend of #黄金价格 is affected by a variety of factors, including the Federal Reserve's monetary policy, inflation data, and the global economic situation. Investors should pay close attention to changes in these factors and take into account market uncertainties when considering gold investment.