Gold prices fell off from a record high on Friday as the US dollar rose to a month high in the wake of the Fed’s three rate cut reveal and the surprise rate cut by the Swiss National Bank. That move, the Fed’s ‘dot plot’ forecasts and the dovish noises from the Bank of England merged to push US bond yields lower and the value of the greenback higher. Treasury yields narrowed with the yield on the US two-year bond dropping 3.9 basis points to 4.598%, while the 10-year note was paying 4.202%. down 6.2 basis points on the day and down nearly 12 points for the week. Gold for June delivery closed down $US24.90 to settle ... (full story)