XAUUSD

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