Gold prices are facing uncertainty as bulls remain cautious ahead of the US Consumer Price Index (CPI) release. Following a bounce from a one-week low, the XAU/USD pair meets fresh resistance in the Asian trading session. As global risk sentiment stabilizes, easing fears surrounding potential trade tariffs have contributed to this shift. The combination of soft inflation data from the US adds another layer of complexity for traders. Investors now brace for the CPI report, which may dictate gold’s short-term trajectory. Amid market fluctuations, the demand for gold as a hedge continues, albeit with prevailing concerns about price volatility in the near term. Market participants should focus on developments that may impact global gold valuations, potentially influencing their investment strategies moving forward.