Starting this week, gold prices have slightly increased and remain around the $1800 level, with some stickiness surrounding the trend of gold. On Monday, gold benefited from the narrowing of gains in 10-year US Treasury yields and the US dollar, boosting investors' long speculative behavior towards gold.

This week, investors should pay attention to the consumer price index (CPI) and retail sales data of December in the United States to obtain the confirmation of interest rate increase in March. CPI and retail data will be released on Wednesday and Friday respectively.

Technically speaking, hardware prices rebounded from support levels around $1785 per ounce last week, but failed to push gold prices up to $1800 per ounce. So this wave of upward trend is likely to be difficult to maintain gold stability above 1800.