Zhonghui Futures: The Federal Reserve cut interest rates beyond expectations, and gold is expected to hit a new record high

1. In the early hours of this morning, the Federal Reserve cut interest rates by 50 basis points, and the dot plot shows that the Federal Reserve will cut interest rates by another 50 basis points this year and another 100 basis points next year. Board member Bowman voted in favor of a 25 basis point cut. Powell said that interest rate cuts can be fast, slow or suspended depending on the situation, and employment and inflation risks are in balance. He did not see any signs in the economy that the possibility of a recession is rising, and he did not announce a victory in fighting inflation. 2. Zhonghui Futures analyst Wu Mingjin believes that interest rate cuts + geopolitics are the core logic for continuing to be optimistic about gold since the beginning of the year. A 50 basis point interest rate cut has opened up space for precious metals to continue to slow down in the long term. In the future, the international spot gold and Shanghai gold bands will maintain a low-matching strategy. In the short term, pay attention to Shanghai Silver 2412 and pay attention to the "reverse pick-up" opportunities above 7200-7250. (Zhonghui Futures)