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Something incredible happened this week, and even if you weren't paying attention, the gold market certainly was.

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.

Spot gold and silver prices are higher in late-afternoon U.S. trading Friday, as a pullback in crude oil and a softer U.S. dollar helped precious metals recover from Thursday's inflation-driven selloff, even as markets priced a higher probability of a Federal Reserve rate hike next week.

The gold market is ending another week in negative territory as investors prepare for the Federal Reserve to raise interest rates next week.

The gold market is trading near session highs after the latest data showed consumer sentiment in the U.S. declining, with inflation expectations shooting higher.The University of Michigan announced on Friday that the preliminary reading of its Consumer Sentiment survey for September was 47.8. The data was far worse than expectations, as the consensus forecast of economists called for a reading of 51, and it was also well below August''s final reading of 51.7.

The gold market is struggling to find any solid direction on Friday as U.S. inflation pressures remain elevated but have not accelerated.

The gold market is struggling to find any solid direction on Friday as U.S. inflation pressures remain elevated but have not accelerated.

Gold rebounds from key support before CPI as value buyers challenge a bearish trend, $100 oil and Treasury yields hovering near 5%.