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Gold was trading below $4,300 an ounce after oil prices and inflation fears drove another rise in bond yields overnight.
The latest Kitco News Weekly Gold Survey showed Wall Street returning to its bullish bias after gold's late-week rebound, while Main Street further pared back its bullish majority following another weekly decline.
The gold market is ending another week in negative territory as investors prepare for the Federal Reserve to raise interest rates next week.
Gold rebounds from key support before CPI as value buyers challenge a bearish trend, $100 oil and Treasury yields hovering near 5%.
Gold rose in early Asian trade. Investors are waiting for U.S. CPI data due later Friday for more clues of the Fed's rate path trajectory, DHF Capital S.A said.
Gold is outperforming other precious metals despite the headwinds of higher energy prices and rising Fed hike expectations, but Commodity Trading Advisors (CTA) and major funds could become sellers if gold breaks key support levels, according to commodity analysts at TD Securities.In a Thursday note, TD Securities' Ryan McKay and Bart Melek wrote that while gold has given up some of its recent gains, it continues to outperform the precious complex in relative terms.
Hawkish ECB put additional pressure on precious metals markets today.
Kalshi has received approval for and launched perpetual futures on precious metals gold and silver, the company told CNBC exclusively. The prediction market platform first received approval to launch perpetuals, or "perps," tied to cryptocurrencies in late May.
SEC filings for BAR aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.