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Media: Gold long positions are eager to Buy the Dips.
Jin10 data reported on September 17 that the well-known financial website Investinglive stated that gold long positions have begun to Buy the Dips in anticipation of a Fed interest rate cut. In the hours leading up to the Fed's interest rate decision announcement, gold has reduced its intraday fall from $38 to only $12. This indicates that the market wants to buy in regardless of what Powell says today. The sentiment is that even if the Fed is not dovish now, it will be in the future, and may even become more dovish. This is because Trump hopes to drop interest rates and is willing to go beyond usual norms to achieve this goal. Furthermore, the global order continues to deteriorate, with the Russia-Ukraine conflict dividing the world into East and West, while America's trade war is destroying globalization. This exposes various new risks, all of which are favorable for gold.