According to Jinshi, Bas Kooijman, CEO and asset manager of investment management company DHF Capital SA, said that the market is currently focusing on the CPI released at 20:30 on Wednesday and the Federal Reserve's interest rate decision released at 02:00 on Thursday. If the core inflation data is weaker than expected, thus supporting an earlier rate cut, gold prices may rebound. Interest-free gold prices are usually inversely proportional to interest rates, and rising interest rates will curb investors' enthusiasm for gold. In addition, political events in Europe may also provide safe-haven support for gold. French President Macron's decision to announce early elections has increased political uncertainty in the eurozone's second largest economy.