The Federal Reserve's rate cut actions in the past two years have already begun, but to be honest, the current benchmark interest rate of 3.75% still seems relatively high from a historical perspective. The market generally expects further rate cuts, with mainstream voices predicting another 50 basis points (two rate cuts), bringing the rate down to 3.25%. However, Trump's side has a more aggressive view, advocating for at least a 100 basis points cut, with four rate cuts in total, ultimately reaching 2.75%.

Regardless of which expectation materializes, it is a positive signal for safe-haven assets like gold. From a price perspective, gold still has the opportunity to break through the $5000 mark, especially during the upward phase before policy confirmation. However, once into the second half of the year, market sentiment may change, and a correction pressure may follow. Therefore, those looking to buy the dip need to grasp the rhythm.