Gold Price Forecast: XAU/USD trades above $2,000 ahead of US CPI/FOMC minutes – by hareshmenghani Gold Commodities Inflation Fed XAUUSD
Recession fears act as a tailwind for Gold price
, citing the impact of higher interest rates and fueling recession fears. Furthermore, Minneapolis Fed President Neel Kashkari warned that tightening credit conditions could lead to a recession.The upside for the Gold price, however, remains capped amid the prospects for further policy tightening by the Fed. The markets are currently pricing in a greater chance of another 25 basis points rate hike at the next Federal Open Market Committee meeting in May.
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