Gold prices dropped to $2,657 on Friday, marking a 0.50% decline despite edging toward weekly gains over 1%. This pullback followed U.S. inflation data showing progress toward the Fed’s 2% target, raising expectations of further Fed easing. Geopolitical tensions between Israel and Lebanon failed to drive gold higher, as profit-taking weighed on prices. Technical indicators suggest a potential for further downside if support at $2,650 breaks, with key levels to watch around $2,600. Meanwhile, investor sentiment remains optimistic, with potential rallies ahead.


