Gold prices remain under pressure on Tuesday, taking their cues from a stronger US Dollar. USD remains bid today despite Trump cancelling planned attacks on Iran today. For now it seems that focus is still very much on hawkish Fed expectations on the back of last week’s hotter-than-forecast US inflation reading. Annualised CPI for April came in at 3.8%, up from 3.3% prior, above the 3.7% the market was looking for. Now back at 3-year highs, inflation is becoming a key threat for the Fed with rate hike expectations jumping accordingly. CME group pricing for a hike this year has now risen above the 50% mark for the ... (full story)