In the south, the closing price of Gold (07299) fell by more than 3% to 28.1 Hong Kong dollars, with a turnover of 46.6992 million Hong Kong dollars. On the news front, the Federal Reserve will hold a monetary policy meeting on April 28 and 29. It is worth mentioning that this will be the last meeting during the tenure of current chairman Powell. The market generally expects interest rates to remain unchanged, with the focus on the assessment of the impact of rising energy prices on inflation and the statement on the future policy path. In addition, as of April 27, the yield on the 10-year US Treasury bond rose to around 4.35%, and the US dollar index remained strong, both of which exerted pressure on Gold. Market expectations for a rate cut by the Federal Reserve this year have fallen to less than 40%. According to market statistics, the price of Gold has fallen by nearly 11% since the outbreak of the Iran war, but still recorded an increase of about 8% since the beginning of the year. Bridgewater founder Dalio has called on investors to significantly increase their Gold holdings. He believes that the current macroeconomic environment is favorable for Gold allocation, despite the uncertain direction of Gold during times of war. Dalio also warned that the US is entering a "stagflation period," showing characteristics of rising inflation and weakening job market.