United States Redbook Index (YoY) climbed from previous 7.8% to 9.6% in May 8

Gold remains under pressure, breaching below the $4,700 zone per troy ounce amid the positive tone in the US Dollar and steady uncertainty stemming from the Middle East crisis. The precious metal’s pullback also comes in response to higher US Treasury yields, particularly following hotter-than-estimated US CPI in April.