However, if the Fed decides to cut interest rates just once this year, gold prices may stagnate around $,.
But this expectation is also much higher than the average expectation of Wall Street.
The average expectation of the top ten financial institutions on Wall Street is that the gold price will rise by to US$, in .
Right now, two major factors are influencing the future trend of gold : the nepal phone number list Federal Reserve’s stance and Trump’s inauguration.
Last year, the Federal Reserve opened the door to an easing cycle. But at the endofyear meeting, there were signs of a shift toward a "hawkish" stance.
At its last monetary policy meeting in , the Federal Reserve hinted that it would only cut interest rates twice next year. The Federal Reserve had earlier predicted that it might cut interest rates four times.
Bank of America expects the Federal Reserve to reduce its rate cuts, thereby supporting the dollar, which will bring another major challenge to gold.
Whether in terms of economy or politics, Trump's . policy is bound to cause market fluctuations.
For example, inflationary tariffs could push up gold prices, and its preference for overheating the economy could also trigger inflation and weaken the dollar.
However, Trump has also been emphasizing the need to end the war quickly, and the easing of geopolitical conflicts may increase the volatility of gold prices.