Gold price climbs further beyond the $2,600, hitting fresh record peak amid a weaker US Dollar.
Bets for more rate cuts by the Fed drag the US bond yields lower and undermine the Greenback.
Worries about the US/China economic outlook and geopolitical risks also benefit the XAU/USD.
Gold price (XAU/USD) gains positive traction for the second successive day on Friday and advances to a fresh record high, beyond the $2,600 mark during the early European session. The Federal Reserve’s (Fed) oversized interest rate cut on Wednesday was accompanied by a projection for another 50 basis points fall in borrowing costs by the end of this year. The outlook keeps a lid on the recent recovery in the US Treasury bond yields, which is seen undermining the US Dollar (USD) and

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