May CPI Printed 4.2%. Core Inflation Beat. So Why Did the Gold Price Drop?

May CPI came in at 4.2% — the fastest pace since early 2023 — and the gold price fell nearly $100 to 11-week lows. But the headline is almost entirely an energy story: gasoline is up 40.5% year-over-year while core CPI rose just 0.2% for the month, below forecast and down sharply from April. The market sold gold on a number it was already expecting. The data behind that number tells a different story.

Is Gold Being Repriced? 5 Major Institutions Say Yes.

In a single news cycle, the World Gold Council, Russia’s Central Bank, the US Senate, Perth Mint, and the world’s largest bond investors each signalled the same thing independently: institutional gold repricing is underway, and the convergence is not a coincidence.

5 Forces Shaping Gold and Silver at the Beijing Summit

Trump’s first Beijing visit since 2017 puts rare earth supply cuts, food inflation, China’s critical minerals grip, and a dangerously concentrated US stock market on the table simultaneously. Here’s the precious metals framework for what happens next.