Gettin hammered again this morning

Man I don't understand this two-way feedback mechanism. Today PPI number comes out much higher than expected in both headline number (1.9%) and core number (0.3%). My instant response would be inflation is occurring too fast - so buy gold. Instead though I think this logic is prevailing - inflation is up. That means Fed will keep raising rates which will kill inflation / gold/ commodities, etc. Maybe not, and I am missing something big. Still getting nailed this morning and down another $1,000.

Regards,

BG