You may be right about no more rate hikes....wow! This is going to have to pour some cold water on that for at least until after Q2 numbers are out. Now their estimate is .02% growth. That could just as easily end up being negative. Ha!
This may be portending we're heading into the next recession.
The catalyst for the next move higher in gold may be when this Q1 GDP number comes out. It should be fairly obvious to the Street that the Fed will have to put a hold on any immediate rate hikes going forward.
That may blast us right back up through $1300 gold and toward $1350.
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