The Federal Reserve adopts a dovish stance, "gold hits new highs" as stocks and coins rise together. Experts: Hedge against risks/speculation coexist, beware of compound risks.

Gold updated its all-time high of $3,056 after the Fed's March FOMC meeting paused the pace of interest rate cuts again, while stocks and cryptocurrency markets rallied and bitcoin rose above $86,000, signaling market divergence. (Synopsis: Putin refused Trump's comprehensive ceasefire, Israeli air strikes on Gaza killed more than 400, safe-haven funds poured into gold to knock on a new high of $3040) (Background supplement: Putin agreed to a ceasefire in Ukraine but conditionally, Trump tariffs killed U.S. stocks again, bitcoin once lost $80,000 and rebounded) The Federal Open Market Committee (Fed) meeting resolution today (20) is as expected by the market, once again keeping the policy rate unchanged at 4.25%-4.5%, and predicting that it will start from 4 The balance sheet has slowed since the month, and the latest dot plot shows officials maintaining expectations for two rate cuts in 2025. Fed Chairman Jerome Powell stressed after the meeting that the U.S. economy as a whole remains strong, and that monetary policy is currently in a "restrictive" state to curb inflation, but it can also adjust flexibly when the labor market is weak or inflation is falling rapidly. At the same time, he said that the survey showed signs of slowing consumer spending, and the Fed will closely monitor signs of weakness in the real economy, noting that progress in the fight against inflation may be delayed this year, partly because the Trump administration's tariffs and a number of policies have increased inflation and economic uncertainty, and the policy effect remains to be seen. Extended reading: Bitcoin breaks through 87,000" Fed Bauer: Slowing down balance sheet reduction since April, interest rate cuts are expected 2 times this year, interest rates remain unchanged.. Five key points at a glance Gold hits a new all-time high! Stocks rise, markets are now divided After the Fed once again paused the pace of interest rate cuts, the spot price of gold rushed to $3,056 an ounce this morning, and in a short period of time, it has once again updated its all-time high, and has now fallen back to $3,050, up more than 16% so far this year. Source: Trading View At the same time, however, risk markets such as U.S. stocks and cryptocurrencies also rose in tandem, showing that the market reacted to short-term safe-haven and risky assets. Some experts analyze this analysis: The market has a rare situation that after the Fed FOMC, the stock market and gold have risen sharply, which means that those who can bear the risk think that the situation is good to buy stocks, while those who cannot bear the risk think that the uncertainty increases and buys gold. The Fed's statement by Powell failed to fully dispel market doubts, and financially conservative people identified the Fed statement as one of Trump's uncertainties. When the market diverges, it is difficult to determine which is right, and it may be followed by a rise or a fall. Interest rate cut expectations boost gold boom Reuters quoted independent metals trader Tai Wong as commenting on Thursday: "Gold reached new highs after Bauer's speech, gold prices rose to record highs, stock and bond prices also rose, gold prices soared strongly above $3,000 and are currently in a bull market, gold prices will continue to move higher due to increased uncertainty and rising inflation concerns." Gold is more attractive as a safe-haven asset and a non-interest-bearing asset in a low interest rate environment, so rising expectations of a rate cut will further encourage investors to buy gold, Fed fund futures show that the Fed rate cut probability rose from 57% to 66% in June. The Bank of Taiwan's gold market report on the 19th pointed out that due to Israel's air strike on the Gaza Corridor on Wednesday, the resumption of war in the Middle East, and rumors that Putin will cease fire can not continue to provide Ukrainian arms and weapons, but the European Union does not agree with this proposal, and the US Treasury Secretary said that every country will receive a tariff number on April 2, and the market is worried that it will disturb the global economy, which is one of the factors that have prompted a large amount of money to continue to pour into the gold market. Related stories Gold knocks $3,000 to a record high! Bitcoin's "risk-off narrative failure" is struggling Former Chief Executive Chen Xian: In response to anti-globalization "digital assets are guns", bitcoin and gold can resist inflation Bitcoin 83,000 small shocks" Trump policy fog + Fed Bauer problem, market hesitation "Fed dove "gold hits new high" stock coins rise, experts: risk aversion/speculation coexist, beware of compound risks" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".