XAUUSD

The most critical event of the week for precious metals is the US CPI data to be announced on Thursday. Gold, which is extremely sensitive to interest rates, has the potential to react sharply to inflation data. If inflation exceeds expectations, it could strengthen the "higher rates for a longer period" scenario, putting intense pressure on Gold, which is a non-yielding asset. Conversely, data that falls below expectations and indicates a cooling in inflation could be interpreted as the Fed being closer to interest rate cuts, triggering a strong rally in Gold. Until Thursday, Gold is expected to follow a cautious and tight trend.