Following the Fed’s meeting, which resulted in a 25 basis point interest rate hike, the central bank hinted that its rate-hiking campaign may be coming to an end. If U.S. inflation remains moderately controlled, the Federal Reserve may halt rate hikes, which could potentially weaken the dollar and bolster gold. However, if the upcoming inflation report indicates a high possibility of another Fed rate hike in June, gold prices could decline to the range of $1,956 – $1,923.