Gold (XAU/USD) is trading in a narrow range on Tuesday, following the US Consumer Price Index (CPI) report that reinforced expectations the Federal Reserve (Fed) may refrain from a near-term rate pivot. At the time of writing, the precious metal is trading below $3,330, with risk sentiment and a slight uptick in risk sentiment limiting the upside move. The June Consumer Price Index (CPI) showed that headline CPI rose 2.7% (YoY), in line with expectations, while core CPI came in at 2.9%, slightly lower than the 3% consensus but still well above the Fed’s 2% target. The lack of faster disinflation has tempered ... (full story)