Gold price rises over $1,735 as US bond rates fall

 

Gold price soars to nearly one-week high of $1,735 after steep decline in US bond yields.
  • The price of gold rose for the second day in a row and reached a record high on Friday.
  • Fears of a recession and falling US bond rates help to underpin the safe-haven gold.
  • The trend of tighter monetary policy globally might work against the non-yielding XAUUSD.

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