Further, the producer price and consumer price indexes, both inflation gauges, are set for release Tuesday and Wednesday, respectively.

FORBES: METALS OUTLOOK: Gold Seen Moving Higher Next Week

On top of this, recent U.S. inflation data from the producer and consumer price indexes show that both wholesale and consumer inflation was less than expected.

FORBES: FOCUS: Falling Commodity Prices, Slowing Global Growth Stir Deflation Thoughts

Over the weekend September trade data will be released, along with the consumer and producer price indexes.

FORBES: METALS OUTLOOK: Softer Tone For Gold Could Continue