This week, global market volatility has significantly intensified, with gold prices soaring to $4381 on Monday before rapidly retreating, recording a single-day drop of over 5%, marking the largest single-day decline in nearly a decade. Despite the US CPI data released during the same period falling short of market expectations, gold prices were still unable to maintain upward momentum, recording their first weekly decline in nearly ten weeks.
Market attention is currently focused on the Federal Reserve's monetary policy meeting. At 02:00 AM Beijing time on Thursday, the Federal Reserve will announce its latest interest rate decision; half an hour later, Chairman Powell will host a monetary policy press conference. In addition, 2026 FOMC voting member and Dallas Fed President Logan will also speak on Friday morning and evening, respectively, and the market is closely watching for their policy signals.
Analysis indicates that Powell is likely to announce a 25 basis point rate cut at this meeting, but his statements regarding the future policy path are not expected to undergo significant adjustments. If the Federal Reserve questions the market's expectations of the subsequent rate cut path, traders' disappointment may intensify, leading to a new round of market volatility.