Gold Starts the Week Lower

Profit-taking weighs on prices

After a strong 2.4% gain at the end of last week, gold prices began the new week on a weaker note as investors locked in profits.

• Spot gold: Down 0.92% to $4,986
• Gram gold: Fell 0.94% to 7,009 TRY

Inflation data supports rate-cut expectations

Recent U.S. inflation data came in below expectations, reinforcing market pricing for a potential 75 basis points of rate cuts this year, which had previously supported gold’s rally.

Lower liquidity expected

With U.S. markets closed for a public holiday and Chinese markets shut for Lunar New Year, liquidity may remain thin in early-week trading.

Outlook for gold

Analysts suggest that macro conditions remain constructive and technical indicators continue to support gold. Forecasts point to a potential move toward $5,800 in the second quarter.