CITIC Trust: Recently, the rise in gold prices may be due to the amplification of investor sentiment, so there is also the possibility of "benefit realization" after the Fed rate cut is implemented.

In the view of Gu Fanding, the manager of the CITIC Prudential Global Commodities Theme Fund, any financial asset price is running in fluctuations, and excessive fluctuations usually trigger adjustments. As for gold, recent uptrends may be amplified by investor sentiments, so there is a possibility of "benefit realization" after the Fed cuts interest rates. For investors, there are three signals worth noting. First, the impact of the Fed's interest rate cut on the capital market will be relatively large. If there is no interest rate cut in September, or if the attitude is hawkish, short-term event traders may focus on selling gold; second, if the resilience of the US economy exceeds expectations and market risk appetite increases, the market may reduce the allocation of safe-haven assets such as gold; third, from a technical perspective, breaking through the support level may trigger more selling pressure. He said that for ordinary investors, there is no need to watch the market every day, but they can pay attention to these key market information and prepare in advance.