Gold is rebounding despite a hotter-than-expected US inflation report that prompted markets to fully price in three Federal Reserve rate hikes by next June. The recovery suggests investors may already be questioning the increasingly hawkish outlook, focusing instead on the prospect of inflation rolling over in the coming months should the recent sharp decline in energy prices persist. Such a development could undermine expectations for further tightening, potentially easing pressure on Treasury yields and the dollar. In terms of setting the agenda, gold faces a continued tug of war between short-term traders ... (full story)