Gold trends focus on the Federal Reserve decision; analysts say that if the tone becomes dovish, gold prices may reverse their decline.

1. The Federal Reserve's policy decision will be announced at 2:00 a.m. Beijing time on Thursday, and Federal Reserve Chair Kevin Walsh's press conference is scheduled to begin at 2:30. 2. According to data from the CME FedWatch Tool, the market currently estimates a 68% probability that the Federal Reserve will keep interest rates unchanged, and a 32% probability of a 25 basis point rate hike. Meanwhile, the probability of a rate hike at the September meeting has risen to 77%. 3. Kelvin Wong, Senior Market Analyst at OANDA, stated that gold prices are closely linked to the outcome of today's FOMC meeting. If the Federal Reserve adopts a more dovish stance in its policy statement, the gold price could reverse its recent bearish trend.