Analysis of today's market

Gold's price advanced late during the North American session on Friday, up by 0.67%, yet it remains set to print monthly losses of over 3%. Geopolitical risks continue to drive price action with the non-yielding metal fluctuating at around $2,600. The XAU/USD trades at $2,652 after hitting a daily low of $2,634.

Geopolitical tensions eased in the Middle East after Israel and Lebanon agreed to a ceasefire. Nevertheless, both countries accused each other of violating the agreement.

Gold opened at around 2651 and rose to around 2652 at the highest and around 2630 at the lowest before press time.Pay attention to the resistance of 2670-2680-2690 If it fails to break through, it will test 2630-2620-2610