Gold had a fourth straight monthly gain in May, and its supporters think it will gain again in the coming days, particularly during the first trading week of June. This is trading off the back of the final inflation report for May, which was released on Friday and left us none the wiser about the course of price pressures, Fed interest rates, and bond yields. The so-called PCE spending, income, and inflation data didn’t surprise on the prices side (it did on consumer spending, which was weaker). The key core reading of PCE inflation for last month showed little change. Certainly, there was nothing to clarify the ... (full story)