Spot gold gave up some of its gains, closing at $4327.05 per ounce

Spot gold has given up some of its gains after the Federal Reserve's interest rate decision, with the latest increase of 0.8% at $4327.05 per ounce. AI interpretation: The Federal Reserve's interest rate decision, as the core indicator of monetary policy, directly determines the liquidity expectations of global capital markets. The market fluctuations triggered by this resolution reflect the immediate reaction of the market to the adjustment of interest rate paths. The retracement of gold prices indicates that investors are taking profit after policy implementation and reassessing the holding costs in a high interest rate environment. This market performance confirms the absolute dominance of Federal Reserve policy in pricing precious metals, and in the short term, gold prices will continue to engage in intense games around interest rate expectations.