On Wednesday, the SPDR Gold Shares ETF (GLD) settled at $188.71, which is down $0.31 or -0.16%. Despite a decrease in U.S. Treasury yields and the U.S. Dollar, optimistic traders have not shown a significant response, even with the release of a report on consumer inflation on Wednesday, which came in below expectations. New York Fed President John Williams mentioned the potential for further rate increases if inflationary pressures persist.