#美联储降息 Interest rate cuts may drive up gold prices
On the 10th local time, the Federal Reserve lowered interest rates by another 25 basis points.
How will the Federal Reserve's interest rate cuts affect you and me?
For our country's enterprises, opportunities and risks coexist:
① Lower interest rates will reduce global financing costs;
② After the interest rate cut, the US dollar will weaken, which is favorable for import companies priced in RMB in the short term;
③ For export companies priced in US dollars, export competitiveness may be weakened.
For individuals, the main impact is in the fields of wealth management and consumption:
① The interest rate cut may lead to a relative appreciation of the RMB, reducing the costs of studying abroad and overseas shopping, and it may also allow for purchasing good overseas goods at lower prices;
② After the interest rate cut, the yields of US Treasury bonds and RMB-denominated wealth management products linked to the US dollar will decrease;
③ Interest rate cuts usually push up gold prices, but international gold prices are currently near historical highs, so caution is advised when chasing prices.
