Core Viewpoint - Recent dovish comments from Federal Reserve Chairman Jerome Powell have supported gold prices, as he downplayed inflation risks and emphasized weakness in the labor market, indicating a higher tolerance for inflation than for labor market softness [1] Group 1: Federal Reserve and Economic Indicators - The focus this week is on the U.S. non-farm payroll report and the Consumer Price Index (CPI) report [1] - Market expectations indicate that the Federal Reserve may cut interest rates by 57 basis points by the end of 2026 [1] Group 2: Market Reactions and Gold Prices - Strong economic data, particularly in the labor market, could lead to a hawkish adjustment in interest rate expectations, potentially causing gold prices to decline [1] - Conversely, weak data should further support precious metal prices as the market anticipates rate cuts [1] - Due to the Federal Reserve's dovish response mechanism, real yields may continue to decline, suggesting that gold prices should maintain an upward trend [1] - However, short-term hawkish adjustments in rate expectations may exert pressure on the market [1]