Gold saw a late surge on Thursday and Friday, wrapping up the week on a positive note. After briefly retreating from its all-time high, gold faced resistance from a trendline, causing the precious metal to ease lower towards the end of Friday's trading session.

The movement of gold is also anticipated to be influenced by the latest US inflation figures, which typically impact US Treasury yields, interest rate expectations, and the value of the US dollar. Gold bulls are optimistic for softer CPI data, which could potentially drive the metal higher and test its all-time high.

Gold (XAU/USD) Seeks to Extend Bullish Momentum as IDF Advances into Rafah Gold (May 13, 2024)

May 13 2024