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Investinglive analyst Giuseppe Dellamotta pointed out that Federal Reserve Chairman Powell's dovish remarks during the FOMC press conference provided support for gold prices. Powell downplayed inflation risks and emphasized labor market weakness, suggesting that the Fed has a higher tolerance for high inflation compared to labor market weakness. This week's focus is on the U.S. non-farm payroll report and CPI report, with the market expecting the Fed to cut rates by 57 basis points by the end of 2026. Strong economic data may trigger hawkish adjustments to rate expectations and lead to a decline in gold, while weak data would support precious metal prices. On a macro level, the Fed's dovish reaction mechanism may lead to a decline in real yields and sustain gold's upward trend, but in the short term, hawkish adjustments to rate expectations could put pressure on the market.