Hawkish Fed could push gold prices back to $4,000 next week

From kitco.com

After gold held critical support at $4,000 and gapped higher at the start of the week, fortunes have once again shifted in the gold market as prices look to end the shortened trading week back where they were last Friday. U.S. markets will be closed Friday in recognition of the Juneteenth holiday. For some investors, the holiday can't come fast enough after the gold market took a significant hit late Wednesday when the Federal Reserve's updated economic projections showed support for a potential rate hike by the end of the year. The central bank's outlook dramatically shifted from March, when the committee was ... (full story)