$XAUT is trading near $4,150, close to its lowest level since early August. It has lost about 6.5% in a month and sits well below its $5,600 peak. Surging oil prices are stoking inflation worries and higher-for-longer rate bets, which hurts a non-yielding asset. Watch $4,135 as support, and be careful catching a falling knife before this week's US data.

#GOLD_UPDATE