Everbright Futures: Will the Federal Reserve's interest rate hike lead to a bearish outlook on gold Overnight London spot precious metals fluctuated and rose. The Federal Reserve's interest rate hike in September has landed, and the dot matrix indicates a hawkish signal that there is still a possibility of interest rate hikes within the year. However, the US dollar index hit a new high for a month and a half before turning downwards. At the same time, Saudi Arabia is seeking a peace plan, and geopolitical easing has led to a sharp drop in crude oil prices, while inflation expectations have fallen to support gold prices. Short term gold volatility tends to be strong, pay attention to the release of the Bank of Japan's interest rate decision on Friday and the changes in the geopolitical situation over the weekend. On a macro level, the number of initial jobless claims in the United States dropped to 196000, a decrease of 10000 from the previous week and one of the lowest levels since 1969; The number of people continuously applying for unemployment benefits has also dropped to 1.73 million, hitting a new low since January 2024. The data shows that the US job market still maintains strong momentum and resilience. After the Federal Reserve raised interest rates, the Bank of England kept the rate unchanged at 3.75%, but the policy wording turned hawkish. Trump said he had talked to Walsh before raising interest rates and supported Walsh's decision. In terms of geopolitics, Saudi Arabia has proposed a two-week ceasefire plan to the Houthis through Oman. The Houthis are cautious about this and demand a "final and comprehensive" solution. Yesterday, the market quickly digested the negative impact of the Federal Reserve's interest rate hike, showing a bottoming out and rebound. Therefore, although the Federal Reserve further released signals of further interest rate hikes within the year, it was seen as a "passive interest rate hike" under the constraints of the economy and US debt, and gold may benefit from it. (Everbright Futures)