Gold prices will be going much higher The inflation issue is a done deal so it doesn't matter now what the Fed does. The Fed has been so wrong now for so long that I don't even listen to them now when they talk about inflation. They have been reckless with the truth about so many things with regards to the economy and saying inflation being transitory. No they were 100% wrong. Like I said months ago, the horse has been let out of the barn and they will have a hard time getting him back in there and it will take years, not months. We have out of control inflation and it doesn't matter what the Fed says or does now because it is too late. Gold will be going much much higher.
To believe that inflation has peaked is an unrealistic assumption based on the fact that the largest rise in inflation in the United States and globally are directly attributable to rising energy and food costs. While many analysts and the Federal Reserve continue to state that inflationary levels will subside, as long as the war in Ukraine continues this assumption makes no logical sense. This is why market participants are focusing on levels of inflation rather than the future actions of the Federal Reserve.