However, the U.S. consumer inflation report for May, scheduled for release on June 13 ahead of the Fed meeting, will offer investors a clearer picture of the world’s largest economy’s health. Despite a slight easing in the dollar index, which makes gold more affordable for investors using other currencies, the appeal of zero-yield bullion continues to diminish due to higher interest rates. Cautious Trade Ahead of CPI, Fed In conclusion, gold prices have seen a modest rise, supported by a weaker dollar, while investors eagerly await signals from the U.S. Federal Reserve.