Since the 21st century, every time the Federal Reserve has cut interest rates for the first time, gold has only moved in one direction: up!

Since the beginning of the 21st century, every time the Federal Reserve starts its first interest rate cut, gold prices have continued to rise, both before and after the rate cut. In the recent rounds of the Federal Reserve's interest rate cut cycles, the cumulative return rate has reached double digits within nine months after the start. The chart shows the performance of the BCOM Gold Index before and after the first interest rate cut in the past four rounds of the Federal Reserve's interest rate cut cycles