Higher energy costs complicated the outlook for Federal Reserve policy just as traders prepared for the release of the Consumer Price Index data. Read more Gold Prices Hold Near $4,400 As Iran Tensions Persist Ahead Of Key US Inflation Data Gold Prices Hold Near $4,400 As Iran Tensions Persist Ahead Of Key US Inflation DataAdditional selling emerged from other channels. Reports indicated that Strategy, a major corporate holder of Bitcoin, had sold 1,690 BTC between early and mid-August at an average price near $64,262. A hotter print, particularly if oil prices remain elevated, risks reinforcing inflation concerns and pressuring risk assets further. Market participants now turn their attention to the inflation numbers and any further signals from the oil market for the next directional cue.