Analysis of today's market

Gold price hit a record high during the North American session on Thursday, yet it failed to hit $2,700 amid uncertainty around US elections. Data-wise, the US economy remains resilient following Retail Sales and jobs data, though it didnt weigh on the precious metal. At the time of writing, the XAU/USD trades at $2,691, up by over 0.66%.

The US Department of Commerce revealed that Retail Sales rose slightly above estimates. At the same time, the US Labor Department revealed data on fewer Initial Jobless Claims, which weighed on Bullion prices.

Gold opened at around 2691 and rose to around 2695 at the highest and around 2691 at the lowest before press time.Pay attention to the resistance of 2700-2710-2720. If it fails to break through, it will test 2650-2640-2630