[Fed Rate Hike and Dot Plot Indicate Tightening, Gold Prices Drop, Trump Calls for Rate Cuts] The Federal Reserve announced its monetary policy decision and raised interest rates, with the dot plot showing officials expect rates to remain tight this year. Spot gold prices fell more than $130 from their intraday high. U.S. President Trump called for rate cuts to stimulate the economy, while China and Japan have recently reduced their holdings of U.S. Treasury bonds. (Source: Federal Reserve) AI Analysis: The Fed's adherence to a tightening stance has directly shattered market expectations of a monetary policy shift. The high-interest-rate environment continues to suppress the allocation value of non-yielding assets. The hawkish signals from the dot plot have reinforced the narrative of prolonged high rates, rapidly diminishing gold's appeal as a safe-haven asset. The clarity of the policy path has forced capital to exit the precious metals market, with market pricing logic now fully pivoting to a reassessment of the tightening cycle.