Gold Price Forecast: Cooling Fed Rate Hike Expectations Boost Appeal as Price May Hit $4,500? - TradingKey
Gold Price Forecast: Cooling Fed Rate Hike Expectations Boost Appeal as Price May Hit $4,500? - TradingKey
Source: TradingKey
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DW NOTE
The Fed hasn't cut rates — they're holding at 3.5-3.75% with inflation still 76 basis points above target. Gold is up 7.2% this week to $4,341, but that's still 18% below its January high of $5,318. A $4,500 forecast isn't a breakout call, it's a recovery to levels already printed seven months ago.