XAUUSD

Gold may become volatile with the release of US inflation data. A softening of the Personal Consumption inflation data, to be announced on Wednesday, could provide support for precious metals. Additionally, if the US GDP falls below expectations and there is an increase in unemployment claims, it could put pressure on Gold prices. Geopolitical tensions and the continued purchases of Gold by central banks are also supportive factors. Price levels above the psychological support limit of 3300 may lead to continued upward movements. In the event of a decline, the approaching end of the month and profit realizations could cause fluctuations on a daily basis.