XAUUSD - Down more than 1% on lack of economic data

World gold price stood at 1,922 USD/ounce, a slight increase of 3 USD/ounce compared to last week's closing session. Precious metal prices have just experienced a week of decline of more than 1% due to the lack of economic data and events to stimulate the market.

The most important economic data for gold traders this week is the US consumer price index and producer price index for August, which will be released on Wednesday and Thursday, respectively. Market participants will also monitor US retail sales in August and the ECB's interest rate decision.