#数字资产动态追踪 How will precious metals move after the sudden fluctuation?

From last night to this morning, gold and silver both experienced significant gains—gold rose over 0.5%, while silver surged even more, jumping more than 1.3%. Behind this market movement lies a fierce debate over the Federal Reserve's rate cut pace.

Moody's Chief Economist Mark Zandi recently made a rather aggressive prediction: due to a weak labor market, lingering inflation uncertainties, political pressures, and other factors, the Fed is likely to be forced to cut interest rates three times in the first half of 2026—this frequency far exceeds most market participants' expectations.

But here’s the question: the market is now almost caught in a "triangular game" scenario:

The futures market's outlook is the most conservative, only expecting two rate cuts for the whole year, with the first possibly delayed until after April. The Fed's own dot plot shows a different tone, with most officials still insisting on at most one rate cut this year, showing a very cautious stance. And what about the current market probability? The chance of a rate cut in March has just surpassed 50%, while January seems unlikely.

In simple terms, this is a tug-of-war between expectations—aggressive rate cut forecasts versus the Fed's restraint—two forces constantly vying. Every economic data release and every official speech could trigger the next wave of price volatility. The direction of $BTC and $ETH will largely sway with these macro expectations. What are your thoughts on this rate cut game?