Stock markets in the US will remain open on Veterans Day on Monday but bond markets will be closed, limiting the market volatility at the beginning of next week. On Wednesday, The US Bureau of Labor Statistics (BLS) will publish Consumer Price Index (CPI) data for October. Investors expect the CPI and the core CPI, which excludes volatile food and energy prices, to rise by 0.2% and 0.3%, respectively, on a monthly basis. In case the core CPI increases at a softer pace than forecast, the USD could weaken against its rivals with the immediate reaction. On the other hand, an increase of 0.3%, or bigger, in the monthly core CPI could make it difficult for XAU/USD to hold its ground. Meanwhile, market participants will scrutinize comments from Fed policymakers now that the blackout period is over. The CME FedWatch Tool shows that markets are pricing in about a 70% chance of another 25 bps rate cut in December. If Fed officials adopt a more cautious tone on further policy easing, citing the potential inflationary effects of Trump policies, US T-bond yields could start pushing higher and weigh on XAU/USD.