💥On September 17, if the Fed chooses to cut interest rates by 25 basis points this week.
⚡️Gold may face a small correction pressure in the early stage of the rate cut.
But then, the inflow of funds from gold ETFs will become the key to driving up gold prices.
The Fed's rate cut will attract Western funds to flow back into gold ETFs.
This factor has been basically absent in the past two years.
Gold prices are expected to rise to $2,700 per ounce early next year.
The Fed cut interest rates by 25 basis points on Wednesday.
Gold prices may fall tactically.
But as the Fed starts an easing cycle.
Gold ETFs will attract gradual inflows of funds.
Gold prices can be expected to rise.
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