Xauusd Jumps Big Into Buy Zone

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XAUUSD
Gold traded higher early on Friday despite gains for the dollar and yields, as the precious metal continues to look to retest the US$2,400 mark it last touched a month ago and has failed to top since.

Gold for June delivery was last seen up US$11.00 to US$2,396.50 per ounce.

The precious metal has firmed below the U$2,400 mark since touching a record close of US$2,413.80 on April 19 as the outlook for the potential stimulus of US interest-rate cuts waxes and wanes on economic data and comments from Federal Reserve governors.