Institution: If the backlog of data in the US points to an economic slowdown, gold is expected to rebound next week.

According to a report by Jinse Finance, Stephen Innes, managing partner of SPI Asset Management, stated that after the US government reopens, a batch of important data that has been delayed will be announced, including employment and inflation indicators, with the market expecting this data to soften. Weaker US data may lower US Treasury yields, reigniting market expectations for interest rate cuts in early 2026, and providing a rebound space for gold, which has been squeezed by rising real yields. The recent pullback in gold prices appears more like a position adjustment rather than a change in trend. The outlook for gold remains positive, and investors will closely monitor US real yields, a weakening dollar, and the upcoming data. If the data points to a cooling US economy, gold is expected to experience a rebound next week.