After the Fed cuts interest rates by 50BP: Can gold still rise?

The Fed cut interest rates by 50BP, which exceeded market expectations. The gold market first rose rapidly to a record high, and then fell rapidly following the speech of Fed Chairman Powell at the press conference. The current gold price trend is still in adjustment.

After the Fed cuts interest rates, how will gold trend in the future? There are two key questions:

Is this interest rate cut a one-time short-term or cyclical process. If this is a one-time or short-term interest rate cut process, then gold will have a relatively large adjustment, and even end this round of bull market; but if this interest rate cut represents the beginning of a rate cut cycle, then gold will benefit from the continued increase in investment demand and continue to be in a bull market.

Obviously, so far, the market expects that this is the beginning of a cycle. The Fed's expectation is that the United States will cut interest rates twice this year, by 50BP, and will cut interest rates by 1% next year. This is a rate cut that will last for one to one and a half years. This Fed's interest rate cut is a signal for the beginning of a new cycle.