Gold's rollercoaster ride - up on weak US economic data then back to earth on Fed hike talk

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

• US May new home sales 769K vs 865K expected
• US June prelim Markit services PMI 64.8 vs 70.0 expected

And one Fed official playing down inflation concerns:

• Fed's Bowman: Upward price pressures may ease as bottlenecks resolved

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

• Fed's Bostic: I am one of the 7 who sees rate rises in 2022
• Fed's Kaplan: See's first rate increase in 2022

Gold chart shows the swings during US time:

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:

• Fed's Daly says the Fed is not even talking about rate hikes. So, the Fed is talking about rate hikes?