Macro Outlook for Next Week: Gold prices surge for nine weeks, awaiting the CPI challenge – will the bullish trend continue?

Spot gold prices have risen for nine weeks consecutively, marking a rare achievement influenced by improved market sentiment following Donald Trump’s comments. However, the upcoming CPI release could challenge this trend.

Next week is critical, with key data like U.S. CPI and consumer confidence index set to release. Market anticipations suggest a potential 25 basis points interest rate cut by the Federal Reserve after its upcoming meeting.