Soon reaching 2400.... Gold prices surged to a new three-week peak above $2,380.00 on Wednesday and continue to show a bullish trend during the mid-American session. The rally in XAU/USD followed the release of the US Consumer Price Index (CPI), which indicated persistently high inflation in April, as reported by the US Bureau of Labor Statistics (BLS). In April, the CPI rose by 3.4% year-on-year, slightly lower than March's 3.5%, meeting market expectations. The core annual reading also eased to 3.6% from the previous 3.8%, aligning with market forecasts. However, the monthly CPI increased by 0.3%, slightly below the anticipated 0.4%. #XAU/USD#