CPI Surprise and Gold's Wobble

That hotter-than-expected CPI print this morning certainly put a damper on the early enthusiasm, didn't it? Saw $GLD take a decent hit, now sitting around 372.55 after bouncing off its daily low. It's funny, every time you think the inflation narrative is settling, another data point pops up to remind us the Fed's job might not be done.

Watching how this impacts the broader dollar picture, especially pairs like $USDTHB, currently at 33.82. A stronger dollar on rate hike speculation usually isn't great for gold. Considering that, I'm thinking about scaling back some of my more aggressive long-duration plays on my watchlist, just to see if this is a blip or the start of renewed rate angst.