Data showed the U.S. CPI increased 0.5% last month, the CPI increased 6.4% YoY. Interest rate futures markets are now expecting the Fed's target rate to peak above 5.2% in July, from a current range of 4.50% to 4.75% which has a negative impact on gold. The yield on 10-year Treasury notes US10Y also rose to its highest since Jan. 3.