Gold ambition as longest winning element since mid-April.

Gold tried for its third-straight winning session on Friday, a feat it had not achieved since mid-April, as the dollar drifted lower ahead of U.S. retail sales and inflation data.
Gold for June GCM7, +0.38%   rose by $4.70, or 0.4%, to $1,229 an ounce. It is on track to finish the week little changed.
Gold has been declining in the face of prospects for higher interest rates and as riskier investments, including stocks, remain in favor.
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Richard Perry, analyst at Hantec Markets, said the “likelihood is that gold remains under pressure and any rally would struggle. The key medium-term barrier for this rally is the $1,240 breakdown, which is now a basis of resistance. Until that resistance is breached then any recovery would be limited,” he said in a note to clients.
July silver SIN7, +0.86%  rose 13 cents or 0.8%, to $16.39 an ounce. On a continuous contract basis, silver is also poised for its third-straight win, which hasn’t happened since mid-April. It looks to wrap up the week about where it finished last Friday.
The dollar, as measured by the ICE U.S. Dollar Index DXY, -0.03%  , was trading less than 0.1% lower at 99.61. A sharp rally for the dollar at the start of the week has slowed, helping ease some pressure on gold, while sluggish trading for stocks over the last few sessions has also increased the appeal for haven gold, at least in the short term.
Retail sales data for April is expected to come at 8:30 a.m. Eastern Time. Economists polled by MarketWatch forecast a rebound of 0.5% from declines in March and February. At the same time, the consumer price index will be released. Economists expect core CPI rose 0.2%, from a 0.1% fall in March.
Read: Whew: U.S. economy really isn’t slowingAcross other metals. July platinum PLN7, -0.04%  rose $4.30, or 0.5%, to $922 an ounce, while June palladium PAM7, +1.03%  rose $6, or 0.8%, to $804.95 an ounce. July copper HGN7, +0.64%  rose a penny to $2.5165 a pound.
In exchange-traded funds, the SPDR Gold Trust GLD, +0.28%   rose 0.4% premarket, the VanEck Vectors Gold Miners ETF GDX, +0.89%  gained 1.2%, while the iShares Silver Trust SLV, +0.32%   rose 0.4%.