According to CoinMeta, gold continued its upward trend after the release of softer-than-expected non-farm data last Friday, but analysts warned that the U.S. CPI data to be released on Tuesday could erase all those gains. Although the significant reduction in government jobs made the report seem weaker, the unemployment rate further dropped to 4.1%, indicating improvement in the labor market. The market expects that if the CPI data is strong, it could trigger a sell-off in gold, and traders will increase their bets on interest rate hikes. Conversely, if the data is weak, it may further reduce the risk of the Federal Reserve tightening its policies and push gold prices higher.