[Gold May Face Another Severe Test as Fed's Preferred Inflation Gauge Releases This Week] Reported by Golden Finance, on June 22, the core PCE data set to be released this Thursday may indicate that the Federal Reserve's preferred inflation gauge accelerated both month-on-month and year-on-year in May. If this turns out to be the case, it will further support the view that policymakers need to tighten monetary policy, which could boost the U.S. dollar and U.S. Treasury yields. For gold, this would create an unfavorable environment. Gold has been underperforming recently, with prices declining for three consecutive weeks. As this quarter comes to a close, spot prices have dropped approximately 10%, poised to mark the worst performance in nearly a decade.