Federal Reserve’s Stance Minneapolis Fed President, Neel Kashkari, hinted at the likelihood of a “soft landing” for the U.S. economy, but also raised the prospect of significant rate hikes to combat inflation. However, looming shadows of a potential U.S. government shutdown, and concerns about interest rates, hint at a bearish short-term sentiment for gold. The 14-Day RSI stands at 30.16, signifying an oversold market condition, suggesting a potential reversal or a pullback in the near term.