Gold prices remained steady as markets awaited the release of the US Consumer Price Index (CPI) data scheduled for 12:30 GMT on Friday. Investors appeared cautious, balancing expectations ahead of this key inflation indicator.
According to FX Street, the firm stance in gold was supported by a pullback in US Treasury yields and oil prices, which helped provide some stability to the precious metal. These movements suggest that traders are positioning themselves carefully before the data release.
For Japanese investors, the upcoming CPI data is particularly relevant as it could influence USD/JPY volatility and broader risk sentiment in Asia’s equity and FX markets.