Gold (XAU) prices trimmed losses after U.S. inflation data came in slightly below expectations. The softer CPI strengthened the case for a Fed rate cut on Wednesday. This boosted sentiment for the gold market. However, spot gold still posted its first weekly loss in 10 weeks. This loss was due to the profit-taking and easing U.S.-China tensions, which pressured prices from the $4,380 high. The gold price is now consolidating above $4,000 key level. A break below $4,000 could trigger deeper losses toward $3,850. However, Fed policy and risk sentiment will steer the next move. The daily chart for spot gold shows that ... (full story)