With the release of U.S. CPI data looming, the gold market is poised for a potentially significant shift as prices hover near record highs. Investors are closely watching for signals on the Federal Reserve’s future actions regarding interest rates. The outcome of the CPI data will likely have a major impact on gold prices, with any indication of higher inflation potentially leading to further gains for the precious metal. Gold has long been seen as a safe haven asset in times of economic uncertainty, and its current positioning near record highs reflects the market’s cautious optimism. Investors should pay close attention to the upcoming data release and consider how it may impact their gold holdings.