Multiple officials made dovish remarks, supporting the trend of gold

ChainCatcher news, COMEX gold prices rose 1.81% to $3361.30 per ounce, and Shanghai gold main contract rose 1.02% to 796.46 yuan per gram.

Regarding interest rate cuts, Federal Reserve's Kashkari stated that some companies are scenario planning for potential layoffs if uncertainty persists; Waller mentioned that as unemployment rises, rate cuts may begin; Harker indicated that the Federal Reserve needs to remain patient, stating that it is still too early to adjust rates, and if necessary, the Federal Reserve will act swiftly.

In addition, U.S. President Trump stated that the Federal Reserve should cut rates, expressing hope for a rate cut and criticizing the Federal Reserve for its slow actions. The latest CME "FedWatch" data shows that the probability of maintaining the interest rate in May is 91.7%, the probability of a 25 basis point cut is 8.3%, the probability of maintaining the interest rate in June is 37.3%, the cumulative probability of a 25 basis point cut is 57.8%, and the cumulative probability of a 50 basis point cut is 4.9%. Overall, recent statements from Federal Reserve officials have shifted, focusing on whether market expectations for a rate cut in June will change significantly.