Gold price (XAU/USD) is inside the woods despite the United States inflation figures meeting expectations. The precious metal is continuously oscillating in a narrow range of $1,895-1,913 from Monday. The release of the US Consumer Price Index (CPI) failed to deliver a power-pack action in the Gold price, however, the upside bias looks solidified as bets for smaller rate hikes from the Federal Reserve (Fed) have soared.