PANews, June 20 – According to Jinshi reports, market analysts indicate that gold is expected to remain range-bound next week as investors await the release of the U.S. core Personal Consumption Expenditures (core PCE) price index for clues on the Federal Reserve’s rate path. Stephen Innes, managing partner at SPI Asset Management, said: “With the Fed now appearing more attuned to evolving conditions and increasingly sensitive to incoming inflation data, every major economic release will have an impact, but the core PCE will be the key event for gold and rates markets, making next week highly data-dependent.” Innes also noted that a stronger-than-expected inflation reading could boost the dollar, push yields higher, and increase the risk of gold testing the $4,000-per-ounce mark. Gold investors should prepare for heightened volatility and be wary of potential further sell-offs.