Gold Prices Probe Barrier as Inflation Data Sinks the USD and Yields of clients are net short. Long News of clients are net short. Long News GOLD PRICE OUTLOOK: Gold prices traded flat after rising 0.76% on Tuesday as bond yields fell alongside the US Dollar US headline inflation advanced 2.6% YoY in March, showing an accelerated pace of economic activity Prices attempted to breach the 50-day SMA as a bullish “Double Bottom” chart pattern takes shape Gold prices traded flat during the APAC morning session after falling yields and a weaker US Dollar sent its price 0.76% higher in the prior session. US headline CPI hit 2.6% in March, marking a two-and-half year high as economic activity accelerates with rapid vaccine rollouts and fiscal stimulus. The US Dollar index retreated mildly however, suggesting that traders did not consider higher inflation readings as an imminent trigger for Fed tapering.