The impact of the Fed's interest rate meeting on the gold price, in short, is that if the Fed raises interest rates, the dollar appreciates, funds flow to dollar assets, and gold falls; If the Fed cuts interest rates, the dollar will depreciate and gold will rise.

Specifically, the impact of the Fed's interest rate meeting on the fluctuation of gold price is mainly due to the negative correlation of gold and the dollar, because the Fed's monetary policy will directly affect the trend of the US dollar.

The goal of the Federal Reserve's interest rate policy is to work towards a benign inflation level and a neutral interest rate level, so as to make the economy grow steadily. Since June last year, the Fed's policy of steadily raising interest rates has indeed supported the US dollar in the foreign exchange market, and at the same time, it has steadily increased the yield of US dollar assets, making the demand for investing in gold slowly return to the US dollar.