Gold record-setting rally remains uninterrupted for fifth day amid Fed rate cut bets
From fxstreet.com
Gold (XAU/USD) prolongs its weekly uptrend and advances to a fresh all-time peak, around the $4,967 region, during the Asian session on Friday. The commodity remains on track to register strong weekly gains despite easing geopolitical tensions following US President Donald Trump's U-turn on Greenland. In fact, Trump pulled back from his threat to slap additional tariffs on eight European nations and ruled out seizing Greenland by force. This, in turn, remains supportive of the upbeat market mood, which tends to undermine demand for traditional safe-haven assets, albeit it does little to dent the strong bullish ...
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