The Inverse Relationship Between Gold and the Dollar

I don't think the Fed will hike in June. We have seen significant progress in inflation from a peak of what was at 9.1% in June until the last print was right around 5%. The bank failures have led to tighter credit conditions. With all that going on, I think it makes sense for the Fed to take a pause. Interest rates have gone up 5% in a year. It does take time for that to flow through to the real economy. All this depends on what happens before the June meeting. If we get a further moderation of the inflation numbers,. I think it's very likely that the federal whole path for now is still 'no'