Gold had a ride higher overnight with weaker US economic data cited as helping ease inflation fears:

And one Fed official playing down inflation concerns:

But, other Fed commentary put tapering back in focus, and even rate hikes! Sending the metal nearly $20 to the downside:

Gold chart shows the swings during US time:

Gold chart 5 minute candles

Taper and now even rate hike talk will likely play on the price ahead. ps. Here's the heads-up posted on ForexLive to get set for Fed rate hike talk: