The Fed maintains a cautious slightly hawkish stance, limiting the rise in gold prices and prompting a pullback.

1. Marex analyst Edward Meir: The overall stance of the Fed on interest rates is slightly hawkish, as they are not really eager to support rate cuts. In the short term, the price of gold may be a bit overbought and could further retreat to the $3600 level. 2. ANZ analyst: Investors are cheering the start of the rate cut cycle. However, Powell's remarks are seen as less dovish than market expectations, restraining the rise in gold prices. 3. Mitsubishi UFJ Financial Group analyst Soojin Kim: Investors believe that the Fed's guidance is not as dovish as expected. The Fed's cautious stance is pushing up the dollar and suppressing gold prices. 4. XTB analyst Kathleen Brooks: The overnight Fed meeting did not bring any dovish surprises, so the pullback in gold prices is expected, especially with the rare calls for a 50 basis point rate cut. 5. Independent metal trader Wong Tai: Powell called it a risk management rate cut, leading to profit-taking in gold prices. I do not expect a significantly severe pullback. 6. "New Bond King" Gonlak: It is expected that the price of gold will rise by another $340 from the current level, an increase of about 9.2%. By the end of the year, gold prices are almost certain to close above $4000. 7. Citic Securities: It is expected that the dollar may remain weak in this round of rate cuts trading, and gold is still expected to perform well.