US stocks evaporate over $1 trillion in a single night, gold also fails to hold

Wall Street analysts have a consistent view: based on the current situation, Fed rate cuts are basically off the table.

If inflation cannot be controlled, the possibility of rate hikes by year-end is actually increasing.

Gold also couldn't hold up, falling directly back to the key support level near the $4,400 mark. This is the last line of defense for this rally, and if it breaks through, the previous gains could be completely wiped out.

(This article is for information sharing only and does not constitute investment advice.)