The US has begun to enter a cycle of lowering interest rates.

Currently, the world is witnessing the monetary tightening cycle coming to an end. Many countries, including the US, have begun to enter a cycle of lowering interest rates.

Minutes of the US Federal Reserve (Fed) published on the night of November 26 (Vietnam time) mentioned that the US needs to gradually lower interest rates. However, it also recorded signs of Fed Chairman Jerome Powell losing control, with board members uncertain about what the long-term interest rate target will be.

Market signals show that there is a nearly 60% chance that the Fed will reduce interest rates for the third consecutive time at its meeting in December. In 2025, the Fed will also likely reduce a few more times.

The USD will be under downward pressure even though the US economy is expected to improve after Mr. Trump takes office. Gold prices will likely continue to be supported and maintain an uptrend lasting from the end of 2023 until now.

Most experts forecast that gold is still in an uptrend. However, this commodity is likely to continue to fluctuate strongly as the world becomes increasingly complex. Mr. Trump's policies and policy statements may continue to impact markets, causing commodity prices to fluctuate sharply.