First published by Money Metals Exchange here: https://www.moneymetals.com/news/2022/05/03/gold-market-to-look-past-fed-rate-hikes-002523

Last week’s release of first quarter GDP data was a disappointment, as GDP sank by 1.4%. Analyst expectations were calling for a rise of 1%. The surprise decline may signal a recession ahead. Optimists, however, say the GDP number may not be as bad as it looks.