The expected data on Friday regarding the core personal expenditures price index (monthly and yearly) indicates a strong impact on the markets. A higher than expected result is expected to have a negative impact on gold prices and financial markets, as we may witness strong volatility and price cascades. If the results come out higher than expected, it may confirm rising inflation rates, which will prompt traders to reassess their expectations about the future monetary policy of the US Federal Reserve, which will negatively affect non-yielding assets such as gold.