XAUUSD

The US unemployment claims, manufacturing and services PMI data, as well as second-hand home sales to be announced on Thursday, and new home sales on Friday will directly impact gold prices as they will be decisive for the value of the Dollar. Weak US economic data may pressure the Dollar by reinforcing expectations that the Fed's interest rate hike cycle is nearing its end, which could increase demand for gold. Additionally, inflation data from the Eurozone on Monday and from the UK on Wednesday may also influence the global inflation outlook, shaping interest in gold as a hedge against inflation. Changes in global risk appetite will also affect gold prices.