Gold Price Forecast: Fed Hikes Rates as Expected, May Raise Again This Year; Can Gold Hold $4,200? - TradingKey

AI desk brief

Gold rebounded above $4,300 after a sharp post-Fed drop to $4,235.44, but the macro setup turned more hawkish: the Fed hiked 25 bp to 3.75%-4.00% and signaled another hike may still come this year, keeping rates elevated and pressuring non-yielding metals. The article says the 60-day moving average held as support; a close above it keeps $4,366 and then $4,510 in play, while a break risks $4,200 and potentially $4,000.

The move was driven by a stronger dollar and higher Treasury yields after the Fed statement and dot plot, with CME FedWatch implying roughly a 90% chance of another 25 bp hike before year-end.