Gold, a safe-haven asset often sought amidst economic turbulence, has been maintaining a narrow trading range in recent days. This stability can be attributed to investors' anticipation of crucial US inflation data, which is expected to provide significant insights into the nation's economic health and the Federal Reserve's monetary policy decisions. As market participants closely monitor the inflation figures, gold's price movement may experience fluctuations. If the data reveals a higher-than-expected inflation rate, it could lead to increased expectations of interest rate hikes. In such a scenario, gold may become less attractive to investors, as higher interest rates can boost the yield on alternative investments, making them more appealing. Conversely, if the inflation data is lower than anticipated, gold could experience a boost in demand as investors seek refuge in the precious metal. The US inflation data will also have implications for the global economy, as th...