Commodity headwinds - inflation more rate hikes anticipatedhttps://www.kitco.com/news/2023-05-26/U-S-economic-data-hammers-gold-price-as-markets-gear-up-for-a-rate-hike-in-June.html
https://www.cnbc.com/2023/05/29/dollar-elevated-as-sticky-inflation-cements-fed-hike-bets.html
Inflation not cooling:
https://www.fxstreet.com/analysis/inflation-shows-no-signs-of-cooling-what-does-that-mean-for-commodity-prices-video-202305291320