XAU/USD could see a boost if CPI data points to rising inflation

When considering how XAU/USD (gold against the US dollar) might react to CPI (Consumer Price Index) news, it's essential to understand the relationship between inflation data and gold prices. Typically, if CPI data indicates rising inflation, gold might go up because investors often turn to gold as a hedge against inflation. Conversely, if CPI data shows lower inflation or if the data is seen as strengthening the case for higher interest rates, gold might not perform as well. Monitoring market expectations and the specifics of the CPI report will be key to predicting gold's movement.