Institution: Gold is expected to rebound next week if the data from the United States indicating an economic slowdown.

Stephen Innes, managing partner of SPI Asset Management, stated that after the U.S. government reopens, a batch of important backlog data will be released, including employment and inflation indicators. The market expects these data to be weak. Weaker U.S. data could push down U.S. bond yields, rekindle market expectations of a rate cut in early 2026, and provide a rebound space for gold, which was previously squeezed by rising real yields. The recent pullback in gold prices seems more like a position adjustment than a trend change. The outlook for gold remains positive, with investors closely monitoring U.S. real yields, a weaker U.S. dollar, and upcoming data releases. If the data points to a cooling U.S. economy, gold is expected to rebound next week.