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BackTrump puts pressure on the Federal Reserve to cut interest rates, and legal persons believe that the international gold price will be bullish in the long term and move closer to US$5,000
Trump puts pressure on the Federal Reserve to cut interest rates, and legal persons believe that the international gold price will be bullish in the long term and move closer to US$5,000
Developing
自由时报43 minutes agoBusiness2 min readChinaView original

Trump puts pressure on the Federal Reserve to cut interest rates, and legal persons believe that the international gold price will be bullish in the long term and move closer to US$5,000

trumpFederal Reservecut interest rates

Quick Look

  • Trump put pressure on the Federal Reserve to cut interest rates, and international gold prices fell back to US$4,400 per ounce and attracted attention again.
  • Goldman Sachs, HSBC, and UBS predict that gold prices will rise to US$4,900, 4,750, and 5,000 US dollars by the end of 2026, while Bank of America revised it down to US$4,350.
  • The legal person pointed out that the short-term gold price is affected by expectations of interest rate increases, but in the long term it is still supported by the expansion of fiscal deficits, central bank gold purchases and geopolitical risks.

AI-generated summary

Why It Matters

The market had pushed up international gold prices due to the U.S. Treasury Department's expansion of long-term bond repurchases and concerns about fiscal deficits, but then profit-taking led to a fall. After Trump pressured the Federal Reserve to cut interest rates, gold prices came into focus again.

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[Reporter Zhang Huiwen/Taipei Report] International gold prices have risen rapidly due to the U.S. Department of the Treasury's expansion of long-term government bond repurchases and market concerns about the U.S. fiscal deficit. However, as the market gradually digested the related benefits, and some investors took profits, gold fell back from near historical highs. However, U.S. President Trump put pressure on the Federal Reserve to cut interest rates, and the international gold price is currently back to US$4,400 per ounce.

According to the latest forecasts of international gold prices by investment banks, Goldman Sachs predicts that the gold price will rise to US$4,900 per ounce by the end of 2026, HSBC predicts US$4,750, UBS maintains US$5,000, and Bank of America revised it down to US$4,350.

Please read on...

According to the legal person, the recent market focus has turned to the Federal Reserve's monetary policy and U.S. economic data. After the Jackson Hole annual meeting, the market once raised expectations for the Federal Reserve to raise interest rates. Coupled with the surge in new non-agricultural employment in the United States, it may encourage an interest rate hike in September. However, U.S. President Trump immediately made strong remarks and threatened to stop exchanges with countries with trade deficits with the United States without lowering interest rates, causing expectations of an interest rate hike in September to decline.

The S&P Gold (00635U) ETF research team said that in the short term, international gold prices are more related to interest rate increases, but the long-term fundamentals of non-gold have changed significantly. In the medium and long term, the expansion of global fiscal deficits, central bank gold purchase demand and geopolitical risks still provide support for gold.

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What to Watch

AI outlook — possibilities, not facts

  • International gold prices will rise to around US$4,900 per ounce by the end of 2026

    Likely · Within months

Open Questions

  • Will the Fed adjust its rate cut schedule under pressure from Trump?
  • Will the United States impose specific economic sanctions on countries with trade deficits?
  • When geopolitical risks heat up, how will the central bank’s demand for gold change?

Related Topics

trump
PeopleZhang Huiwen
OrganizationsGoldman SachsHSBCUBSBank of America
PlacesUnited StatesJackson Hole
TopicsFederal Reservecut interest ratesinternational gold priceGoldman SachsHSBCUBS
This article was originally published by 自由时报.

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