On September 23, the COMEX gold price rose 0.27% to US$2,653.40 per ounce, and the Shanghai gold price rose by 0.44% to 595.70 yuan per gram.

In terms of speeches, Fed Goolsbee and Kashkari were dovish, while Bostic was slightly hawkish. Goolsby said more rate cuts may be needed in the coming year and rates will need to fall significantly. Kashkari said he expects the Fed to make smaller interest rate cuts in the future, and will cut interest rates twice more this year, by 25 basis points each time. Bostic said that the 50 basis points rate cut at this meeting did not "lock in" the pace of future rate cuts.

In terms of interest rate cuts, the latest data from CME's "Fed Watch" shows that the probability of a 25 basis point cut in November is 45.2%, and the probability of a 50 basis point cut is 54.8%; the probability of a cumulative 75 basis point cut by December is 50.2%, and the cumulative rate cut is 50.2%. The probability of 100 basis points is 26.5%.

On the whole, the speeches of Federal Reserve officials were generally dovish. The market expects a 50 basis point interest rate cut in November and a 25 basis point interest rate cut in December. Gold may continue to maintain a volatile and strong trend.