Gold price rallies, eyeing weekly finish in the green amid lower US bond yields

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• Gold price surges, buoyed by a decline in US Treasury yields and optimistic market conditions.
• Risk-on mood prevails, yet Gold attracts investors, defying typical safe-haven asset trends.
• Market sentiment adjusts to Fed’s cautious stance with expectations of significant rate easing by year-end.

Gold price resumes its weekly uptrend on Friday and is set to finish the week in the green, taking advantage of the fall in US Treasury bond yields amid quiet news flows. Federal Reserve officials continued to cross the wires, led by New York Fed President John Williams, who aligned with his colleagues’ recent comments. The XAU/USD exchanges hands at $2,038, up 0.70%.