[Market Analysis: Gold Prices Edge Higher but Remain Pressured by Inflation Concerns] Odaily Planet Daily News – Gold prices are currently holding above $4,700 per ounce, but influenced by the latest U.S. inflation data, the market expects interest rates to 'remain elevated for a longer period,' which continues to weigh on gold prices. Mitsubishi UFJ analyst Soojin Kim noted: 'Following the acceleration of U.S. wholesale inflation in April to the fastest pace since 2022, gold prices faced further pressure; meanwhile, U.S. Treasury yields climbed to their highest levels since July, putting additional pressure on non-yielding assets like gold.' (Jin10)