A stronger dollar and rising US bond yields are putting pressure on gold and silver, with gold slipping below $4,000 an ounce and silver approaching $50. One US data point can move markets across the world. One of those economic indicators is US inflation, which has significant relevance for financial markets globally. The recent US CPI data, released on Tuesday, changed the equation for bond yields and the US dollar. It even repriced the precious metals, gold and silver. What did the data show? Headline inflation eased to 0.4% in October, from 0.6% in September. Still, markets reacted negatively as it remained above market expectations of 0.3%. Meanwhile, core CPI inflation was unexpectedly unchanged at 0.3%, also above forecasts of 0.2%.