Shouchuang Futures: The Federal Reserve's March policy meeting signals a hawkish stance, short-term gold and silver are slightly bearish

The Federal Reserve’s March policy meeting was held as scheduled without any change, but they raised inflation expectations and signaled a hawkish stance, leading to a significant cooling of market expectations for rate cuts this year. This was the trigger for today’s decline. Coupled with the earlier negative impact from rising oil prices and increasing U.S. Treasury yields, the fundamentals for gold and silver remain weak. Silver, which has both financial and industrial attributes, experienced a much larger decline than gold amid tightening liquidity and weak demand. In terms of strategy, it is recommended to short silver. (First Capital Futures)