The Federal Reserve recently stated that monetary policy will stay tight for longer than anticipated. Therefore, gold bulls could continue to see downward pressure on prices. However, the Fed did leave the door open for eventual rate cuts, offering some hope. In addition to gold, the higher-than-longer interest rates narrative is also applying pressure on stocks and bonds. Bond prices pushing lower means yields are pushing higher. This adds to an already strong dollar — an unideal situation for bullish gold investors. Still, there’s always the potential catalyst for a recession that could push investors to safe haven ... (full story)