---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39358933.md"
description: "$iShares barclays 20+ Yr Treasury Bd(TLT.US) Regarding the outlook for gold, many friends only see the words 'interest rate cut' but overlook the evolution of the entire macro logic.Powell made it very clear: at most one rate cut in 2026, maybe none, and the same rhythm in 2027. This itself means the future path of rate cuts is far less optimistic than the market expects, which is also why gold hasn't risen even with recent conflicts.If the Middle East situation remains turbulent, crude oil prices will inevitably be pushed higher. What is crude oil? It's the lifeblood of industry, the source of all inflation. Once oil prices spiral out of control, imported inflation will directly push up US inflation data.At that point, the Fed will face not the question of 'whether to cut rates,' but the question of 'whether to raise rates again.'For gold, this will be a fatal logic reversal: the market's previous trading logic was 'rate cuts are good for gold.' If it becomes 'rate hikes to fight inflation,' this positive will instantly turn into a huge negative. So, focusing on current positive news is useless. We need to watch the signals from oil prices and inflation. Powell also emphasized this in the early hours. If rate cuts turn into rate hikes in 2026, that will be the start of another crash for everything."
datetime: "2026-03-19T04:33:14.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39358933.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39358933.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39358933.md)
author: "[港美开新股](https://longbridge.com/en/profiles/14008411.md)"
---

# $iShares barclays 20+ Yr Treasury Bd(TLT.US) Regar…


### Related Stocks

- [07299.HK](https://longbridge.com/en/quote/07299.HK.md)
- [GLD.US](https://longbridge.com/en/quote/GLD.US.md)
- [TLT.US](https://longbridge.com/en/quote/TLT.US.md)
- [SPY.US](https://longbridge.com/en/quote/SPY.US.md)
- [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md)

## Comments (1)

*1 comments available on the platform.*