On September 19 (UTC+8), gold prices held steady near $3,650.00 on Friday after the Federal Reserve cut interest rates by 25 basis points and hinted at further easing in the coming months, but failed to meet investors' dovish expectations, and the market is awaiting more clues about the Fed's policy path. Capital.com analyst Kyle Rhoda said that market sentiment is still mostly bullish but has clearly cooled down, and the Fed has not provided the dovish guidance needed to push gold prices higher. The forecast of only one rate cut in 2026 exceeded market pricing, pushing up yields and the dollar. Now some factors are needed to reverse this trend in order to push gold prices to break firmly above $3,700.00 again. Weak U.S. economic data could be a catalyst. [Jin10]