Gold falls as renewed US-Iran tensions dampen peace hopes, clouds interest rate outlook - KITCO

Former New York Fed President Dudley states that the Fed's credibility is at risk due to not meeting its inflation target, implying a failure to control inflation and potentially signaling more restrictive monetary policy ahead.

Citadel Securities argues that the Federal Reserve should move towards hiking rates as inflation rises, which could heighten market expectations for a more aggressive tightening of monetary policy.

Former NY Fed President Dudley warns the Fed risks losing credibility as an inflation fighter.

Gold declines as inflation, driven by energy, threatens to lead to higher interest rates.