Gold prices stabilize above $2,000 amid Fed outlook reassessment.

Gold prices rebounded after a sharp sell-off from a 13-month high last Thursday, with June gold up $5.80 at $2,021.60 and May silver up $0.07 at $25.52. The US stock indexes are still in price uptrends on the daily bar charts and near their highs for this year. The US dollar index is firmer, while Nymex crude oil prices are a bit weaker and trading around $82.25 a barrel. The gold futures bulls still have the solid overall near-term technical advantage, while the silver bulls hit a 13-month high on Friday.