US October CPI YoY +2.6% (Est +2.6%, Prior +2.4%)
As market attention turns to US economic data, gold futures have slightly increased by 0.4% to $2617.00 per ounce. After Trump's victory in the US election, the price of gold dropped significantly. Analysts attribute this to profit-taking, a stronger US dollar, and rising US Treasury yields, which have suppressed gold demand. At present, the focus is on the upcoming release of US CPI data. If the data is overheated, it may increase pressure on the US bond market and push up the US dollar, which is unfavorable for gold.