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The Wall Street Journal: Gold knocked lower by hotter inflation reading then trims loss

Gold futures prices did an about-face lower Wednesday after hotter-than-expected headline inflation data pushed the dollar and U.S. Treasury yields higher.

Gold had since pared its deepest losses of the day.

April gold GCJ8, +1.44% slipped a narrow 60 cents, or less than 0.1%, to $1,329.80 an ounce. The gold-backed exchange-traded fund SPDR Gold Shares GLD, +1.38% eased 0.1%, while the VanEck Vectors Gold Miners ETF GDX, +3.75% rose 0.2%.

The ICE U.S. Dollar Index DXY, -0.48% rose 0.3%.

The consumer-price index leaped 0.5% in January to mark the biggest increase in five months.

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