<p>Domestic 96.5% gold traded in a narrow band around 52,400-52,700 baht this week as a softer US dollar offset a modest rise in bond yields. Association bar prices were revised nine times on the busiest session.</p><p>Physical demand from savers remained healthy on dips toward 52,000, while jewellers reported steadier buy-back volumes. Traders are watching the next US CPI release and Federal Reserve commentary for direction.</p><h2>What to watch</h2><ul><li>US CPI and the path of Fed rate cuts</li><li>THB/USD, which has driven much of the recent move in baht gold</li><li>Central-bank buying data for the quarter</li></ul><p>Investors on monthly savings plans are reminded that averaging in through volatility is the point of the plan — not a reason to pause it.</p>