[JPMorgan Chief Strategy: Gold Faces Short-Term Downside Risks, Poised for Rebound After Fed Tightening Ends] Yuxuan Tang, Head of Asia Interest Rates and FX Strategy at JPMorgan Private Bank, stated that gold still faces short-term downside risks due to thin liquidity and room for interest rate increases, with a lack of technical support below $4,000/ounce. He anticipates the Federal Reserve will raise interest rates in December and the first quarter of 2027, pushing the 10-year US Treasury yield to a peak of 5.25% to 5.5%, weakening investment interest in gold. Once the Fed ends its tightening policy, gold's appeal as a hedge against economic and policy risks will drive a rebound in gold prices later next year.
