In America, the flagship SPDR Gold Shares (GLD) racked up over $2.16 billion in net flows. The US consumer price index jumped 7.3% in January from a year ago, the largest annual advance since early 1982 and likely a trigger for a more aggressive U.S. Federal Reserve stance. In Europe, the European Central Bank (ECB) hinted at a potential rate hike in late 2022 and the March 10 meeting will be crucial in deciding the next steps.