The strong performance of non-agricultural data last Friday far exceeded market expectations, but gold remained unchanged. Can it continue to be as strong as ever this week?
The Guosheng Macro team said that the Federal Reserve cut interest rates by 50bp, slightly exceeding market expectations, but Powell's speech was hawkish, saying that this rate cut is not the norm. The dot plot shows another 50bp drop within the year, and the market expects another 75bp drop within the year. Combined with historical laws and asset performance after this meeting, this sharp interest rate cut should strengthen the market's concerns about the US economic recession; tend to think th...