Gold is trading higher during the European session, as market participants adopt a cautious stance before upcoming US inflation data. The precious metal has gained modestly, hovering above the $3,330 mark. Investors are assessing their options as they await the potential impact of inflation figures on the broader market. Rising gold prices may reflect concerns over inflation and uncertainty in the economic landscape. This trend could attract more investment into gold as a safe-haven asset, especially if inflation data comes in higher than expected. Traders should prepare for potential volatility in gold prices as data is released.