Gold prices fall as Fed signals rate hike pause.

Gold prices fell below $2,000 an ounce due to significant volatility in the U.S. dollar and Treasury yields markets, but analysts remain bullish and expect prices to rebound. The Federal Reserve is expected to raise interest rates by 25 basis points in May, but analysts predict it will be the last hike of this cycle, with rates likely to be cut again later this year. The upcoming U.S. economic data, including Q1 GDP and PCE price index numbers, could trigger some price movement. Gold's long-term bullish outlook remains intact, with investors buying gold as a hedge to preserve their purchasing power amid rising geopolitical tensions and the risk of recession.