December 8 news, gold stocks collectively fell.

On the news front, at 12:00 AM Beijing time on December 11, the Federal Reserve will announce the December interest rate decision, followed by a press conference held by Federal Reserve Chairman Powell. The current focus is on whether Powell's forward guidance will reshape the market's expectations for the interest rate path next year, which will determine whether gold prices can break free from the range pattern and welcome a new trend direction.

Tongguan Jinyuan Futures believes that the logic of long-term rising precious metal prices remains solid, but the short-term market pricing for bullish factors is already quite sufficient. There is also a need to be cautious of the risk of a market sentiment shift after the rate cut shoe drops or if Powell’s dovish stance falls short of expectations.