Lower rate expectations are supportive for bullion given gold pays no yield, and that dynamic is likely to remain the dominant driver into this week's inflation data. ---Gold's rally is really a bet that the soft jobs report was the start of a dovish shift, one this week's inflation data will either confirm or unwind. The move follows a weak July jobs report that led markets to scale back expectations of a Federal Reserve rate hike next month. Lower rate expectations support gold given the metal yields no interest. The soft payrolls figure prompted markets to significantly scale back what had been firm expectations for a Federal Reserve rate hike at its upcoming meeting.