U.S. Price Inflation Hits New Cycle High of 8.6%

Inflation was forecast to be 8.3% for the month of May, but it has come in at a new cycle high of 8.6%!
They will try to knock down gold on the news because "now we will need more aggressive rate hikes", but the Fed won't be able to implement the needed rate hikes without destroying the economy.
Gold is like a coiled-up spring getting ready for its largest upward explosion in world history.