Key events this week include interest-rate decisions from the Fed and other central banks, the US June PCE inflation report, and Meta’s second-quarter earnings. Markets are focused on whether core PCE prints above the expected 0.1% monthly rise, which would influence pricing for the Fed’s rate path. A hotter core reading could lift the dollar and real yields, adding pressure to gold. Gold remains in a downtrend and is testing $4,000–$4,050 support; a break below that area could open the door to further declines.