#比特币对比代币化黄金 At 3 a.m. on December 11, this time could become the watershed moment for this year’s financial markets. The Fed’s upcoming interest rate decision doesn’t just affect the trajectory of gold; it has a ripple effect on the pricing of all risk assets.

Currently, the market has already fully priced in a 25 basis point rate cut. What could truly make waves are the subtle changes in wording within the decision statement, as well as Powell’s off-the-cuff remarks at the press conference—these details often serve as the spark for major market moves.

Right now, gold is consolidating at high levels and looking a bit stagnant—in plain terms, it’s waiting for a clear direction. If the Fed turns dovish this time, for example by continuing to emphasize cooling inflation in the statement or hinting at more easing next year, then the springtime for non-yielding assets could arrive. Gold prices would likely head straight for the 4264 mark, and if luck’s on its side, it could even break above previous highs and start a new rally. After all, once expectations of looser liquidity are reinforced, allocation logic can shift rapidly.

But what if the wind shifts? If the statement mentions persistent inflation resilience, or if Powell explicitly says they’ll hit the pause button and watch the data, then the rate cut optimism built up earlier could instantly reverse. Gold prices could quickly pull back, first testing whether 4185 can hold; if that level doesn’t hold either, then the key support at 4163 will be put to the test.

For Bitcoin and Ethereum, this decision is also a key variable. Volatility in traditional safe-haven assets often transmits to risk appetite in the crypto market. $BTC $ETH