Gold prices stumble as Fed hints at hawkish stance.

Gold prices are currently below $2,000 an ounce due to the market's comfort with the Federal Reserve's interest rate hikes and the delay of any potential rate cut. However, analysts still believe that gold is on track to hit all-time highs this year. Inflation is becoming a global problem, with the UK's Consumer Price Index showing annual inflation holding relatively steady at 10.1% last month. Despite specific economic issues, this number does not bode well for the world. The worldwide de-dollarization trend is picking up significant momentum, and gold remains an attractive, safe haven, and inflation hedge.