"Gold Price Forecast: Fed's Influence on Bullish or Bearish Trend"

Gold prices retreated this week but remain up over 5% in March, with the Federal Reserve's upcoming monetary policy announcement taking center stage. Bullish momentum has been strong, but recent disappointing inflation data may prompt the Fed to adopt a more hawkish posture, potentially leading to fewer rate cuts than expected. The technical outlook for gold prices suggests that support at $2,150 must be protected to prevent further selling pressure, while a bullish reversal could target the record peak of $2,195.