The Federal Reserve's rate cut actions have already begun over the past two years, 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 room for rate cuts, with mainstream voices predicting a further 50 basis points reduction (two rate cuts), bringing the rate down to 3.25%. However, Trump's view is more aggressive, advocating for at least a 100 basis point 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 potential 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 pullback could follow. So, those looking to buy the dip need to grasp the timing.