Can Gold Hit new All-Time Highs in the coming days?

Today we will explore the possibility of Gold prices hitting new all-time highs in the coming days.
Hotter-than-expected producer prices weren’t able to cool down the gold market. Prices look to end their second week above $2,400 an ounce, with analysts looking for a potential move to a fresh all-time high.
Gold prices ended the week in neutral territory compared to last week; however, they remain down nearly 1% from their all-time highs.
While Friday’s Producer Price Index did take some momentum away from gold, the precious metal was able to hold critical support at $2,400 an ounce. For some analysts, this is a strong indication that gold’s consolidation phase is coming to an end.
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Do you see a new all time high for Gold this week, or do you think there will be some retraction? What drives your decision?