Since hitting a historical high on August 20, both London spot gold and COMEX gold futures prices have been shaking at high levels. From September 17th to 18th, the global capital markets will usher in the highly anticipated Fed interest rate meeting. From the perspective of institutions' predictions, the Fed's rate cut is imminent, and starting the rate cut in September is a high probability event. Industry insiders indicate that as one of the better-performing commodities this year, the price of gold has "jumped the gun" before the rate cut and reached a historical high. Looking at historical Fed interest rate cut cycles, gold typically performs well. In addition, factors such as the high level of the U.S. fiscal deficit and continued geopolitical disturbances provide support for the long-term bull market foundation of gold.