ProShares UltraShort Gold

U.S. inflation jumped in March, surpassing expectations primarily due to higher petrol and shelter costs, dashing hopes of a June interest rate cut by the Fed.

U.S. inflation remained sticky this year, which means that the Fed may go slow in cutting interest rates this year. Investors may play these ETF strategies to ride out the current edgy investing scenario.

Inflation-adjusted US T-bond yields are an inverse forward indicator of gold prices. Learn more about shorting gold and the long gold crowd.

While the debt-ceiling impasse, bets on Fed rate hike pause and recession fears are driving gold higher, a stronger dollar and rise in yields are weighing on the yellow metal.

Gold prices are under pressure on rising greenback and Fed rate hike worries.