[Institutions: Higher-than-expected inflation and Middle East uncertainty weaken rate cut expectations, gold prices slightly retreat] According to a report by Jinse Finance, on May 13, during Wednesday's trading session, gold prices slightly declined as uncertainty in the Middle East and higher-than-expected U.S. inflation data weakened expectations for a Federal Reserve rate cut. (Capital.com) Senior Financial Market Analyst Kyle Rodda stated: 'The U.S. inflation data has significantly reduced expectations for a Federal Reserve rate cut, even completely extinguishing such expectations. Now the market seems to be anticipating that the Federal Reserve might take rate hike actions before the end of the year. As a result, this has put some downward pressure on gold prices.' (Jin10)