Watching Gold after the CPI print

The latest CPI numbers came in a bit hotter than expected, and we saw a fairly immediate reaction in the metals market, with $GLD dropping almost 2% on the day to 364.96. This underscores the sensitivity to inflation data, especially with the Fed still in focus. I'm keeping a close eye on the 360-362 support zone; a sustained break below that could signal a further unwinding of inflation hedges, at least in the short term, but if it holds, we might see a consolidation before the next major catalyst.