Gold pared most of its gains after hitting a fresh
all-time high.

The strong US inflation has increased the
chance of the Fed delaying rate cuts. Markets
eye Israel's reaction to lran's attack. Any
escalation of tension in the Middle East will
push gold prices higher on safe-haven
demand.

US economic data-
US Retail sales - Strong (Negative for Gold)
Economic data to be released today-
US building permits (12:30 pm GMT)
US industrial production (1:15 pm GMT)

Technical:
The near-term support is around $2360, a
break below targets of $2350/$2300. The yellow
metal faces minor resistance around $2400
and a breach above will take it to the next level
of $2420/$2450.

Signal
Buy $2360 with SL around $2340 for TP of $2400.