By FX Empire.com
Gold prices were slightly higher on Friday, as the U.S. dollar fell against major currencies on rising optimism in markets after the retail sales index showed a bigger rise than expectations, which boosted risk appetite in markets, and gold was able to gain some bullish momentum.
The outlook for gold remains generally to the upside, however, we still expect volatility to continue to dominate gold prices, and that could still weigh down on gold prices, but overall, our general outlook for gold prices remains to the upside. Traders will be following the G20 meeting over the weekend, however, the G20 is not expected to provide any surprise to markets.
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