John Williams, the President of the New York Fed, who has the right to vote on interest rate decisions, stated that there is a lag between the Fed's rate hikes and these related actions leading to an economic slowdown. He pointed out that the agency's rapid rate hikes will take time to slow down economic activity and thus suppress high inflation. Williams expects the inflation rate in the United States to drop to 3.25% this year, and should be able to fall to the Federal Reserve's 2% target level within the next two years. He also claimed that as the vacancy rate of housing increases, housing costs are expected to slow down, so non housing service prices will become a key focus area. Williams' comments on the direction of the Federal Reserve's interest rates this time are not as hawkish as they were earlier. After investors digest them, they should increase their risk appetite for buying gold, which should drive the price of gold.

It can be deployed around $2008 to establish a good position, and in the short term, the gold price will rise to the level of $2047 before stopping profit, with a stop loss of $2000.

Hour chart of gold price:

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(The above column content is my personal opinion and is for readers' reference only. I would like to remind readers that financial market volatility is unpredictable and they must be careful of risks.)

matters needing attention

Investment involves risks. Buying and selling investments and financial products may not necessarily earn profits, but may instead incur losses. Before investing, you should be aware of the relevant risks and carefully consider your investment objectives, trading experience, and risk acceptance. If you have any questions, please seek advice from an independent professional consultant.