gold futures rose early monday as investors shook off a continued rise in treasury yields as the focus appeared to remain on worries over rising inflation pressures gold for june delivery gc00 gcm22 rose 1460 or 08 to 196020 an ounce after rising 11 last week may silver sik22 was up 412 cents or 17 at 25235 an ounce a busy week of data is ahead with us inflation running at its hottest in nearly 40 years the new york fed’s measure of one and threeyear inflation expectations are due at 11 am monday the march consumer price index is due tuesday morning while the producer price index for last month is set for release on wednesday thursday brings the university of michigan preliminary april consumer sentiment readings including its gauge of fiveyear inflation expectations the technical scenario for gold is improving said carlo alberto de casa external market analyst at kinesis money in a note “the new week started with the gold price jumping above the key resistance of 1950 an ounce and trying to leave the lateral trading range between 1890 and 1950 of the last few sessions” he wrote “this positive movement is confirming the growing bullish pressure already seen in the last few trading sessions when gold approached the 1950 threshold without being able to remain above it at the end of the day therefore this movement can be read as an improvement of the momentum and a clear surpass of the 1950 mark could open space for further recoveries confirming the bullish trend” he said the war between russia and ukraine meanwhile will remain a catalyst with sanctions against russia capable of amplifying inflationary pressures de casa said