According to Jinshi, Goldman Sachs said that gold prices have been in a consolidation state after the Fed meeting. The Fed kept interest rates unchanged, but also hinted that a rate cut in March is unlikely. Goldman Sachs analysts said that although this may keep gold prices in the current range (short-term trends are related to data that may affect the Fed's decision), any price declines will be limited by strong support elsewhere. Due to the resilient purchases of central banks and strong retail demand, physical demand for gold remains high, which is a key support for gold prices. Goldman Sachs remains bullish on gold, with a 12-month target of $2,175/ounce.