• Gold reaches $2028.44, climbing for the fourth day on China's rate moves and US inflation figures.
• US Treasury yields fall, showing market caution and adjusted expectations for Fed rate cuts amid inflation.
• Market anticipates FOMC minutes for clues on Fed's policy stance, bolstering gold as an uncertainty hedge.

Gold price rallied for the fourth straight day during the mid-North American session as traders from the United States (US) got back to their desks and digested the latest economic news. News that China’s lowered interest rates sponsored Gold’s leg-up alongside the US Treasury bond yields drop. Meanwhile, last week’s data from the US, with the Consumer Price Index (CPI) and the Producer Price Index (PPI) smashing estimates, sounded alarms that inflation remains sticker than expected. The XAU/USD trades at $2028.44, up 0.52%.

Trading resumed in the US, as witnessed by US Treasury bond yields edging lower as depicted by the 10-year note yield down four basis points to 4.256%. This is despite investors adopting a cautious stance on the US Federal Reserve (Fed) as data from the Chicago Board of Trade (CBOT) sees traders expect the Fed to lower rates by 102 basis points, less than the 180 bps estimated in mid-January. Nevertheless, the Greenback (USD) is treading water amid the lack of economic data in the US docket, with traders awaiting the release of the last Federal Open Market Committee (FOMC) meeting minutes.