gold futures declined for a third consecutive session on tuesday “for gold to rally it needs wall street to become confident that the fed is done raising rates” said edward moya senior market analyst at oanda in a market update data released tuesday showed that us inflation has slowed with consumer prices up 01 in may this inflation report was “inline but some fed members might be concerned that core pricing pressures are looking sticky” moya said “the fed will remain datadriven but optimism should be high that the end of tightening is near” gold for august delivery gcq23 fell 1110 or 06 to settle at 195860 an ounce on comex