Gold rises toward $2,700, hits two-week top

GOLD ANALYSIS & NEWS

~Gold made a high of $2692 this morning in Asian session.
~Gold consolidated between $2670-2660 range yesterday during US session.

Gold price hits two-week top despite bullish USD and rising bond yields

~Gold price scales higher for the fifth straight day and touches a nearly two-week high on Friday.

~The worsening Russia-Ukraine conflict continues to drive haven flows toward the XAU/USD.

~Bets for a less dovish Fed, elevated US bond yields, bullish USD does little to hinder the move up.

WHAT'S EXPECTED IN GOLD TODAY?

1. Gold is in Bullish Zone on the 5th Consecutive day. Went up from $2595 to $2692.

2. Gold is expected to rise and may cross $2700 range soon today.

3. Gold may reach $2705-10 range today.