Gold Price Steady Despite Market Fluctuations and Inflation Concerns

The gold market remains above $2,000 an ounce after the Federal Reserve's March monetary policy meeting minutes provided little insight into next month's decision. The committee sees below-trend growth for the US economy, with the central bank's staff providing more substance, saying in their updated forecasts that they see the potential for a mild recession this year. Despite the growing economic risks, the central bank also noted that inflation remains persistently higher. The gold market is not seeing much movement in reaction to the minutes as it remains off its session highs from the morning but still holds on to healthy gains.