The Current Market Stand: A Tug-of-War As of 05:08 GMT, Gold (XAU) holds steady at $1,957.08 per ounce, rebounding slightly after plummeting to its lowest level since July 11. This market behavior comes on the heels of slowing U.S. job growth which caused a dip in both the dollar and bond yields, thereby inducing a technical closing price reversal for Gold on Friday. Inflation and Gold: An Intricate Dance With the labor market sending mixed signals, all eyes are on the upcoming U.S. consumer prices (CPI) data due for release on Wednesday.