🪙 Gold Weakens as Traders Take Profit, Dollar Strengthens Ahead of U.S. CPI Data

Gold prices edged lower below $4,350 during early Asian trading as investors booked profits following recent gains and the U.S. Dollar strengthened ahead of key U.S. inflation data (CPI) set to be released later today.

Profit‑taking after recent gold rallies put downward pressure on bullion.

The U.S. Dollar rebounded, making gold less attractive in the short term.

Traders are bracing for the U.S. Consumer Price Index (CPI) release, which could influence inflation expectations and Fed policy.

Recent jobs data have reinforced expectations of future Fed rate cuts, potentially supporting gold after the inflation release.

Gold’s safe‑haven appeal remains intact, but near‑term direction is tied to U.S. inflation data and the evolving strength of the U.S. Dollar. A stronger CPI print could reset market expectations for interest rates — boosting gold demand again.

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