Gold prices reached a peak of 2,048.14 per troy ounce after the US inflation data announcement. However, they are currently trading in the 2,025 range. The XAU/USD rose due to the 4.9% YoY increase in the US Consumer Price Index (CPI) in April, which was slightly lower than the expected 5%. Inflation remains high in the largest economy globally, but it has been decreasing since mid-2022's record highs.