Gold faced heavy selling pressure, briefly hitting $4,400. A rebound failed to hold above $5,000. Key US data (NFP, CPI) is this week, influencing Fed policy and Gold. Initially, gold fell because of the US President Donald Trump’s announcement last Friday that he nominated Kevin Warsh, as the new chair of the Fed, then recovered due to USD weakness and dip-buying. A government shutdown delayed data. Now, traders await employment data; strong figures could hurt Gold, while weak data may boost it. CPI data will also impact USD. Silver’s drop intensified selling pressure. China ETF outflows signal fragile sentiment. US-Iran talks and Japan’s election could influence Gold .
No signs of stabilization in precious metals
