Gold prices are expected to experience volatility influenced by tariff policy changes and pivotal inflation data with CPI and PPI reports this week. A strong economic outlook could depress non-yielding assets like gold, while signs of slowing inflation might foster expectations for rate cuts, offering support to the metal. Geopolitical meetings, particularly concerning Ukraine, may also impact prices; a ceasefire could lead to a sell-off, whereas setbacks could enhance gold's appeal as a safe-haven asset.
Gold prices could see some volatility this week after trading within a range during the last few sessions, driven by investors' caution amid tariff policy changes and ahead of key inflation data.
Strong figures could weigh on non-yielding assets like gold. On the other hand, a slowdown in inflation is likely to bolster expectations of rate cuts, providing further support for the precious metal.
If achieved, gold prices could experience selling pressure. Conversely, any setback could weigh on risk appetite and sentiment in the markets and could boost demand for safe-haven assets.
This week's Consumer Price Index (CPI) and Producer Price Index (PPI) reports could be pivotal in determining the Fed's next steps.
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