Gold consolidated in early Asian trading, and traders are digesting the US Federal Open Market Committee's resolution. Spot gold remained essentially flat at $4,228.18 an ounce. Claudio Galimberti of Smart Energy said that in the short term, the Federal Reserve's interest rate cut moderately relaxed the financial situation. The chief economist and global director of market analysis said that this may weaken the dollar to a certain extent, and a weaker dollar is generally beneficial to metals, crude oil, and some agricultural commodities. However, Galimberti added, “The signal of staying still weakens this boosting effect and reminds the market that the Federal Reserve is unwilling to confirm the easing path of cutting interest rates twice next year, as reflected in current market expectations. ”

Gold consolidated in early Asian trading, and traders are digesting the US Federal Open Market Committee's resolution. Spot gold remained essentially flat at $4,228.18 an ounce. Claudio Galimberti of Smart Energy said that in the short term, the Federal Reserve's interest rate cut moderately relaxed the financial situation. The chief economist and global director of market analysis said that this may weaken the dollar to a certain extent, and a weaker dollar is generally beneficial to metals, crude oil, and some agricultural commodities. However, Galimberti added, “The signal of staying still weakens this boosting effect and reminds the market that the Federal Reserve is unwilling to confirm the easing path of cutting interest rates twice next year, as reflected in current market expectations. ”