Gold Price Outlook: Fed May Shake Up Markets. Pullback or Rally in Store?

The upside surprise in the last two CPI and PPI reports highlight a concerning trend: progress on disinflation is stalling and possibly even reversing. For this reason, the Fed may opt for a more cautious approach, postponing the transition to a looser stance and reducing the scope of future easing measures. This could mean two quarter-point rate cuts in 2024 instead of the three envisioned earlier.If policymakers were to signal a less dovish roadmap and a delay in the easing cycle, U.S.

Following a lackluster showing last week, gold prices found stability on Monday and successfully rebounded from support around the $2,150 mark. Should gains pick up traction in the coming days, trendline resistance at $2,175 could hinder further upside progress. However, if this barrier is breached, all eyes will be on the all-time high around $2,195.

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Gold Price Forecast: Fed in Spotlight – Bullish Explosion or Crash Ahead?The Federal Reserve's decision and monetary policy guidance in the coming week will be the focus of financial markets. A hawkish outcome could be positive for the U.S. dollar and yields, but bearish for gold prices.
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