Gold has been flirting again near its $2,000 Maginot line amid a sudden pullback in treasury yields and the dollar in the wake of weaker CPI data.
Precious metals soared on lower CPI and PPI figures raising hopes of peaking inflation.
Comex Gold futures ended the week 2.4% higher, gaining $47 at $1,984.7 per ounce, reversing last week slump.
Week-to-Week Open Interest increased by 16,456 lots or 1.63 M ounces as traders increased their long bets exposure.
COT report covering the week to Nov 14 showed some profit taking from the money manager (funds) category, trimming their net-long bets by 13,920 to 64,315 lots.
Gold options activity remains supportive for the metal