Gold Holds Above $2,000 as Inflation Fears Outweigh Economic Data

Gold prices remain strong above $2,000 despite positive economic data like GDP growth, indicating concerns about inflation and recession.

Inflation remains high and consumer sentiment shows expectations for even higher inflation ahead.

The Federal Reserve is expected to maintain a hawkish stance at next week's meeting despite some data improvement.

There are growing fears that the economy may be headed for a recession as rate hikes start to bite.

Bond market weakness and rising yields may choke off growth, making gold the only safe haven.