Zuo Xiaolei: Whether to buy gold, focus on the Federal Reserve's interest rate policy

GateUser-bd883c58 · 2026-03-23T17:40:40+00:00

Galaxy Securities' former chief economist Zuo Xiaolei stated at the forum that short-term pullbacks in gold prices are normal, investors find it difficult to accurately time the market, and in the long term, attention should be paid to the Federal Reserve's interest rate policy. She recommends that investors maintain a wait-and-see attitude.

GateUser-bd883c58

2026-03-23 17:40:40

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On March 22, former Chief Economist of Galaxy Securities, Zuo Xiaolei, told the media at the China Development Forum 2026 Annual Meeting that some pullback in gold prices is normal. For investors, it’s impossible to catch every timing. There is no way to predict the trend of gold prices because of too many short-term uncertainties.

Zuo Xiaolei believes that in the long term, attention should still be paid to the future Federal Reserve’s interest rate policies. Because each oil crisis often triggers stagflation, in such situations, the Federal Reserve’s monetary policy becomes a dilemma, with hardly any direct and effective intervention measures. Therefore, for investors, it’s better not to operate casually and to observe more cautiously during these times.

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