Gold prices remain bullish but capped below $2k as Fed holds interest rates steady.

Gold market sentiment remains bullish, but analysts caution that prices are unlikely to break above $2,000 an ounce next week as the Federal Reserve is expected to maintain its hawkish monetary policy stance. Main Street retail investors are also not expecting prices to break above $2,000 an ounce. The biggest near-term risk for gold remains the Federal Reserve's monetary policy decision. Markets currently expect the U.S. central bank to leave rates unchanged; however, hawkish moves from other central banks have created doubt in the marketplace.